Hawaii Mortgage Rates Today for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Hawaii mortgage rates today start at 5.75% for a 30 year fixed and 5.25% for a 15 year fixed, compared with Hawaii averages of 6.894% and 6.454%. Hawaii mortgage rates range from 5.12% to 8.38%, verified by MonitorBankRates as of November 11, 2026. Current mortgage rates in Hawaii include Pearl Hawaii Federal Credit UnionPearl Hawaii Federal Credit Union1288 Ala Moana Blvd Ste 106, Ewa Beach, HI, 96706 2268A+5.0 ★Texas Ratio: 1.89%Rate verified Nov 7, 2026 at 5.75%, Hawaii Central Federal Credit UnionHawaii Central Federal Credit Union1301 Punchbowl St, Honolulu, HI, 96813 2402A5.0 ★Texas Ratio: 8.05%Rate verified Nov 8, 2026 at 5.875%, University of Hawaii Federal Credit UnionUniversity of Hawaii Federal Credit Union2019 S King St, Honolulu, HI, 96707 1878A+5.0 ★Texas Ratio: 1.05%Rate verified Nov 7, 2026 at 6.125%, Hawaii State Federal Credit UnionHawaii State Federal Credit Union1099 Alakea St Ste 100, Aiea, HI, 96701A+5.0 ★Texas Ratio: 5.45%Rate verified Nov 7, 2026 at 6.375%, and CU Hawaii Federal Credit UnionCU Hawaii Federal Credit Union15 2660 Pahoa Village Rd, Hilo, HI, 96720A+5.0 ★Texas Ratio: 1.37%Rate verified Nov 7, 2026 at 6.50%. Mortgage rates as of November 11, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare mortgage rates across all loan types in Hawaii side-by-side. Hawaii mortgage rates currently start as low as 5.75% from Pearl Hawaii Federal Credit Union at 1288 Ala Moana Blvd Ste 106, Ewa Beach, HI, 96706 2268. Rates are continually updated, so we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Hawaii borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: November 11, 2026
Compare Mortgage Rates Today in Hawaii
Hawaii 30 Year Fixed Mortgage Rates
No additional details available.
No additional details available.
No additional details available.
Rate Type: Fixed; Examples based on loan amount up to $970,800
- Nov 7, 20266.36%▼ from 6.63%
- Oct 23, 20266.63%▼ from 6.76%
- Oct 12, 20266.76%first recorded
No additional details available.
Limited-time discount of 1.50 discount points; rates effective 11/05/2026
As Low As; Refinance; Rates effective 11/05/2026; APR includes temporary reduction of one origination point; limited-time discount of 1.50 discount points
Down Payment: 20%; No prepayment penalty; Certain restrictions apply
Owner-occupant 1st mortgage, 20% down, 30-day lock
No additional details available.
Limited-time discount of 1.50 discount points; rates effective 11/05/2026
As Low As; Refinance; Rates effective 11/05/2026; APR includes temporary reduction of one origination point; limited-time discount of 1.50 discount points
Payment: $623.87 (based on $100,000 loan); 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective 11/4/2026
Payment: $632.07 (based on $100,000 loan); 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective 11/4/2026
Owner-occupant 1st mortgage, 20% down, 30-day lock
Hawaii 15 Year Fixed Mortgage Rates
No additional details available.
No additional details available.
Rates effective 11/05/2026; limited-time discount of 1.50 discount points; Advertised rates are 'as low as' rates and may not be available to all borrowers
- Nov 7, 20265.77%▼ from 5.81%
- Nov 2, 20265.81%▼ from 5.94%
- Oct 28, 20265.94%▼ from 6.28%
- Oct 8, 20266.28%▼ from 6.36%
Rates effective 11/05/2026; limited-time discount of 1.50 discount points; Advertised rates are 'as low as' rates and may not be available to all borrowers
- Nov 7, 20265.87%▼ from 5.91%
- Nov 2, 20265.91%▼ from 5.94%
- Oct 28, 20265.94%▼ from 6.28%
- Oct 8, 20266.28%▼ from 6.36%
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20265.90%▲ from 5.65%
- Oct 12, 20265.65%first recorded
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20265.93%▲ from 5.67%
- Oct 12, 20265.67%first recorded
No additional details available.
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20265.97%▲ from 5.72%
- Oct 12, 20265.72%first recorded
Owner-occupant 1st mortgage, 20% down, 30-day lock
Payment: $823.73 (based on $100,000 loan); 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective 11/4/2026
Down Payment: 20%; No prepayment penalty; Certain restrictions apply
Rate Type: Fixed; Examples based on loan amount up to $970,800
- Nov 7, 20266.14%▼ from 6.28%
- Oct 23, 20266.28%▼ from 6.41%
- Oct 12, 20266.41%first recorded
Payment: $830.41 (based on $100,000 loan); 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective 11/4/2026
- Nov 7, 20266.18%▼ from 6.30%
- Oct 28, 20266.30%first recorded
Payment: $837.12 (based on $100,000 loan); 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective 11/4/2026
- Nov 7, 20266.22%▼ from 6.73%
- Oct 23, 20266.73%first recorded
Today's Mortgage Rates (11/05/2026); Down Payment: 20%
- Nov 7, 20266.24%▼ from 6.50%
- Oct 27, 20266.50%▼ from 6.62%
- Oct 14, 20266.62%first recorded
Hawaii 5/1 ARM Mortgage Rates
Effective Date: October 9, 2026; Payment: $1,104.41; 1st Adj Rate: 6.625%; 1st Adj Payment: $1,258.83
Rate Type: Adjustable; Examples based on loan amount up to $970,800
- Nov 7, 20266.13%▼ from 6.27%
- Oct 23, 20266.27%▼ from 6.40%
- Oct 12, 20266.40%first recorded
1st Adjustment Rate: 5.000%; 1st Adjustment Payment: $657.69; APR based on $100,000 loan amount, owner occupant, FICO 660 or higher
Rate Type: Adjustable; Examples based on loan amount up to $970,800
- Nov 7, 20266.44%▼ from 6.65%
- Oct 23, 20266.65%▼ from 6.70%
- Oct 12, 20266.70%first recorded
Rate Type: Adjustable; Examples based on loan amount up to $970,800
- Nov 7, 20266.74%▼ from 6.80%
- Oct 23, 20266.80%▼ from 6.85%
- Oct 12, 20266.85%first recorded
Hawaii 30-Year Jumbo Mortgage Rates
No additional details available.
Effective Date: October 9, 2026; Payment: $3,690.63; 1st Adj Rate: 6.625%; 1st Adj Payment: $4,079.91; APR based on $650,000 loan for Jumbo
Effective Date: October 9, 2026; Payment: $3,539.17; 1st Adj Rate: 6.625%; 1st Adj Payment: $4,116.51; APR based on $650,000 loan for Jumbo
No additional details available.
As Low As
- Nov 11, 20266.50%▼ from 6.59%
- Nov 5, 20266.59%▼ from 6.71%
- Oct 31, 20266.71%▼ from 6.83%
- Oct 20, 20266.83%▼ from 6.87%
Amounts up to $1,500,000; Fixed Rate
Amounts up to $1,500,000; Fixed Rate
Last updated: November 4, 2026; 30-day lock for owner-occupant 1st mortgage loans with 20% down payment
No additional details available.
Down Payment: 20%; Rates as of 11/10/2026; Jumbo loan amounts greater than $1,249,125 for a single-family dwelling
Amounts up to $1,500,000; Fixed Rate
Last updated: November 4, 2026; 30-day lock for owner-occupant 1st mortgage loans with 20% down payment
- Nov 7, 20266.88%▼ from 7.30%
- Oct 12, 20267.30%first recorded
Amounts up to $1,500,000; Fixed Rate
Last updated: November 4, 2026; 30-day lock for owner-occupant 1st mortgage loans with 20% down payment
- Nov 7, 20266.96%▼ from 7.44%
- Oct 12, 20267.44%▲ from 7.21%
- Oct 4, 20267.21%first recorded
Conventional fixed mortgage; minimum 5% down payment; Rates as of Nov 10, 2026 ET
- Nov 11, 20267.02%▲ from 6.90%
- Nov 5, 20266.90%▼ from 7.15%
- Oct 26, 20267.15%first recorded
Hawaii 15-Year Jumbo Mortgage Rates
Amounts up to $1,500,000; Fixed Rate
Amounts up to $1,500,000; Fixed Rate
Conventional fixed mortgage; minimum 5% down payment; Rates as of Nov 10, 2026 ET
Hawaii 5/1 Jumbo ARM Mortgage Rates
Effective Date: January 28, 2026; Payment: $3,639.81; Based on $650,000.00 borrowed, repaid over five years with a $649,232.53 balloon due at maturity; 1st Adj Rate: N/A
- Oct 8, 20265.35%▼ from 5.38%
- Sep 16, 20265.38%first recorded
Effective Date: October 9, 2026; Payment: $3,639.81; 1st Adj Rate: 6.625%; 1st Adj Payment: $4,098.17; APR based on $650,000 loan for Jumbo
As Low As
- Nov 11, 20266.45%▼ from 6.53%
- Nov 5, 20266.53%▼ from 6.65%
- Oct 31, 20266.65%▼ from 6.78%
- Oct 20, 20266.78%▼ from 6.83%
Effective Date: January 28, 2026; Payment: $4,108.44; Based on $650,000.00 borrowed, repaid over five years with a $648,943.15 balloon due at maturity; 1st Adj Rate: N/A
- Oct 8, 20266.47%▼ from 6.50%
- Sep 16, 20266.50%first recorded
Hawaii FHA Loan Rates
Hawaii VA Loan Rates
As Low As; Rates as of Nov 10, 2026 ET; VA loan, no down payment required; Rate already reflects 0.25% discount for eligible Servicemembers and Veterans
- Nov 11, 20266.37%▲ from 6.24%
- Nov 5, 20266.24%first recorded
As Low As; Rates as of Nov 10, 2026 ET; VA loan, no down payment required; Rate already reflects 0.25% discount for eligible Servicemembers and Veterans
- Nov 11, 20266.58%▼ from 7.10%
- Oct 14, 20267.10%first recorded
State of Hawaii only; first-time homebuyers; P&I:; 20% down; Interest rates updated as of 11/05/2026
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Hawaii Mortgage Rate Trends
Compare local Hawaii mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
Hawaii 30-year fixed rates fell 0.079 points over the past 7 days to 6.894%.
Hawaii 15-year fixed rates fell 0.038 points over the past 7 days to 6.454%.
Hawaii Mortgage Rate Forecast, Next 12 Months
Where are Hawaii mortgage rates headed through November 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for Hawaii Home Buyers
Monthly principal & interest payment on Hawaii median home of $839,100 (20% down, 30-year fixed, state-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (HI avg) | 6.894% | $4,418 | 52.8% | |
| 6-Month Forecast | 6.894% (6.54, 7.19%) | $4,418 | +$0/mo | 52.8% |
| 12-Month Forecast | 7.144% (6.79, 7.44%) | $4,531 | +$113/mo | 54.2% |
Income column = annual mortgage payment as % of Hawaii median household income ($100,389). Above 30% is generally considered cost-burdened.
Hawaii Housing Affordability
The MonitorBankRates Housing Affordability Index (MBR-HAI) for Hawaii is updated every morning from live mortgage rates across our lender network and U.S. Census Bureau income, home value and cost burden data. A score of 100 equals the national baseline; higher is more affordable.
- MBR-HAI Score: 69.6 Much Less Affordable (Nov 12, 2026)
- National Score: 97.8 (Hawaii is 28.1 points below)
- Rank Among States: 50 of 51 (1 = most affordable)
- Average 30-Year Rate: 6.89% (Hawaii lenders)
What This Score Means for Hawaii Home Buyers
Hawaii ranks 50 of 51 states for affordability, among the more expensive states relative to income. The score reflects the current Hawaii 30-year rate together with Census home values, incomes, property taxes and cost burden data. A 0.25% move in rates shifts the score by about 0.8-1.0 points.
- 120+ Very Affordable
- 110 to 119 Affordable
- 95 to 109 Near Average
- 85 to 94 Less Affordable
- 50 to 84 Much Less Affordable
- Below 50 Least Affordable
See the full Hawaii affordability page All state rankings Methodology
How Mortgage Rates Impact Home Affordability in Hawaii
Hawaii Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in Hawaii is approximately $839,100. The 2026 FHFA conforming loan limit for Hawaii is $832,750.
Hawaii Homeownership Rate
With a homeownership rate of 60.1%, significantly below the national average of 65.7%, Hawaii has a large pool of potential buyers actively competing for available properties. The homeowner vacancy rate of 0.6% signals a tight market with limited available inventory, making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for Hawaii Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $670,000 mortgage, based on a 20% down payment on the Hawaii median home value.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.394% | 30-year fixed | $4,188 | $837,773 |
| 6.894% Current Avg | 30-year fixed | $4,410 | $917,576 |
| 7.394% | 30-year fixed | $4,636 | $999,033 |
| 6.454% | 15-year fixed | $5,819 | $377,508 |
A 0.500% rate increase on a $670,000 loan adds roughly $226 per month and over $81,457 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders, using the rate table above, is one of the most impactful financial decisions a Hawaii buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only; taxes, insurance, and PMI not included.
Hawaii Income & Housing Affordability
At a price-to-income ratio of 8.4x, Hawaii is a high-cost housing market where the ratio of home prices to local incomes is well above the national norm. That ratio, median home value divided by median household income, is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for Hawaii Buyers
With a median household income of $100,389 per year in Hawaii ($8,366/month) and a median home value of approximately $839,100, a buyer financing at 80% LTV at the current average rate would commit roughly 52.7% of gross monthly income to principal and interest alone. That exceeds the 43% debt-to-income ceiling most conventional lenders use as their maximum qualification threshold, meaning many buyers must bring a larger down payment, add a co-borrower, or target lower price points to qualify.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in Hawaii
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home across Hawaii. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
Across Hawaii, the median homeowner with a mortgage pays approximately $1,987/month in total housing costs, covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,971/month including utilities. The $16/month difference between owning and renting is relatively narrow, worth factoring carefully into a rent vs. buy analysis given that owners also build equity over time. Property taxes alone account for $200/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
Across Hawaii, 40.1% of homeowners with mortgages are cost burdened and 50.6% of renters are cost burdened. Renters face significantly higher burden rates than owners, a pattern that often reflects lower renter incomes rather than lower rental costs, and one that can make the path from renting to owning financially difficult even when mortgage payments might be affordable. The 40.1% owner burden rate, well above the national average of 28.0%, underscores why securing the lowest possible mortgage rate is especially important here. Even a 0.25% rate reduction on a median-priced home can move a buyer from cost-burdened to within the manageable threshold.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
Hawaii Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s Hawaii rates. The home price is prefilled with the local median home value. Adjust anything, or click a current rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only, excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your Hawaii Home Loan
Rates are only part of the equation. Use these calculators to translate current Hawaii mortgage rates and home loan rates into real numbers for your specific situation before you request quotes from mortgage lenders.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Hawaii rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path: mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment, to show which option builds more wealth over your intended time horizon in Hawaii.
CalculateTypes of Mortgages Available in Hawaii
Borrowers in Hawaii have access to a wide range of mortgage programs. Rates, down payment requirements, and eligibility rules vary significantly across products. Understanding the differences before you compare lenders can save thousands of dollars over the life of your loan.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term. Your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s Hawaii rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period, commonly 5, 7, or 10 years, after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down, and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15% to 0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment, given ongoing home price trends in Hawaii, FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with, and often better than, conventional loan rates.
A one-time funding fee applies, 2.15% of the loan for first-time VA borrowers with no down payment, which can be financed into the loan. In Hawaii, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
Conforming loan limits in Hawaii vary by county. The 2026 FHFA baseline is $832,750 for most counties, with higher limits in designated high-cost areas. Any mortgage exceeding the applicable county limit is a jumbo loan and falls outside Fannie Mae and Freddie Mac guidelines.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10 to 20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Hawaii mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Hawaii directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Hawaii. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in HI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Mortgage Product Information
How a Mortgage Works
A mortgage is a loan used to buy a home in Hawaii, secured by the property itself as collateral. The borrower repays the amount over a set term, most commonly 30 or 15 years, in monthly installments that cover both principal and interest. Because the loan is secured, the lender can foreclose on the home if payments are not made, which is part of why mortgage rates are lower than rates on unsecured debt.
Fixed vs. Adjustable Rate Mortgages
A fixed-rate mortgage keeps the same interest rate for the entire term, so a Hawaii homeowner’s principal-and-interest payment never changes. For example, Pearl Hawaii Federal Credit Union is listing a 30 Year Mortgage- Owner Occupied, First Liens at 5.75%. An adjustable-rate mortgage (ARM) starts with a fixed period, often five, seven, or ten years, and then adjusts periodically based on a market index. ARMs usually open with a lower rate, but the payment can rise once the fixed period ends, so they tend to suit Hawaii borrowers who expect to move or refinance before that point. On the adjustable-rate side, Hawaii Community Federal Credit Union is listing a 5/6 ARM Owner-Occupied at 5.25%.
How Mortgage Rates Are Set
Mortgage rates move with the broader bond market, particularly the yield on the 10-year Treasury, plus a spread that reflects lender costs and risk. On top of that national baseline, the rate a Hawaii borrower is offered depends on individual factors: credit score, down payment size, loan amount, loan type, and the property itself. This is why the advertised rates above are a starting point, and a borrower’s final rate is set once an application is underwritten.
Points and Closing Costs
The interest rate is not the only cost of buying a home in Hawaii. Discount points are an optional upfront fee (one point equals one percent of the loan amount) paid to lower the rate over the life of the loan. Closing costs cover items such as origination fees, appraisal, title insurance, and recording, and typically run two to five percent of the loan. Comparing the annual percentage rate (APR) alongside the note rate helps Hawaii shoppers account for these costs when weighing lenders.
When to Consider Refinancing
Refinancing replaces an existing mortgage with a new one, usually to secure a lower rate, change the term, or tap home equity. For Hawaii homeowners, the general guideline is that refinancing makes sense when the savings from a lower rate recoup the closing costs within the time the borrower plans to stay in the home, known as the break-even point. Borrowers also refinance to switch from an adjustable rate to a fixed rate, or to remove mortgage insurance once enough equity has built up. Current Hawaii refinance rates from local lenders are listed on our refinance page.
Frequently Asked Questions about Mortgage Rates in Hawaii
What are mortgage rates in Hawaii today?
What are home loan rates in Hawaii (HI) today?
How does my credit score affect my rate in Hawaii?
What is a 30-Year Fixed Mortgage?
What are closing costs in Hawaii?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in Hawaii?
Do I need 20% down to buy a house in Hawaii?
What is the difference between Interest Rate and APR?
How do I compare mortgage lenders in Hawaii?
How do I get mortgage quotes in Hawaii?
What is the median home value in Hawaii?
What is the homeownership rate in Hawaii?
What is the conforming loan limit in Hawaii?
What is the median monthly cost of homeownership in Hawaii?
What are the median property taxes in Hawaii?
What is the median rent in Hawaii?
What percentage of homeowners are cost burdened in Hawaii?
What percentage of renters are cost burdened in Hawaii?
What are the best Mortgage rates in Hawaii?
- Pearl Hawaii Federal Credit Union: 5.75% (30 Year Mortgage- Owner Occupied, First Liens)
- Hawaii Central Federal Credit Union: 5.875% (1st Mortgage - 30 Year Fixed)
- University of Hawaii Federal Credit Union: 6.125% (1st Mortgage 30 Year Fixed)
- Hawaii State Federal Credit Union: 6.375% (30 Year Fixed Mortgage)
- CU Hawaii Federal Credit Union: 6.50% (Residential Mortgage Loans - 30Yr Fixed)
