Rate Alert: Hawaii State FCU Reverses Course with +25bps Hike — HawaiiUSA FCU Now Hawaii's Best at 5.250%
A notable reversal on April 1: Hawaii State FCU raised its 30-year fixed 25bps to 6.000% — undoing two weeks of cuts. Meanwhile HawaiiUSA FCU dropped 12.5bps to 5.250%/5.621% APR and reclaims Hawaii's best verified conforming rate. ASB also cut 12.5bps to 5.875%.
Today's Rate Changes (April 1, 2026)
| Lender | 30yr Rate | APR | Change |
|---|---|---|---|
| HawaiiUSA FCU ↓ | 5.250% | 5.621% | ↓ −12.5bps |
| Hawaii State FCU ↑ | 6.000% | 6.177% | ↑ +25bps |
| American Savings Bank ↓ | 5.875% | 6.141% | ↓ −12.5bps |
| Bank of Hawaii | 5.875% | 6.051% | — Unchanged |
| First Hawaiian Bank | 6.000% | 6.300% | — Points adj. |
| Central Pacific Bank | 6.000% | 6.313% | — Points adj. |
| Aloha Pacific FCU | 5.000% | 5.279% | ⚠ Unverified (17d) |
| Pearl Hawaii FCU | 6.120% | 6.348% | Table unavailable |
Hawaii State FCU: Sharp Reversal — +25bps in a Single Day
Hawaii State FCU raised its 30-year fixed rate by 25 basis points today, moving from 5.750%/5.937% APR to 6.000%/6.177% APR (1.875 points). That erases the two 12.5bps cuts HSFCU posted over the past week and pushes its rate back to the same level as the major banks. On a $800,000 loan, that's approximately $158/month more in P&I compared to yesterday's rate.
The 30-year low-points variant also jumped 25bps to 6.250%/6.345% APR. The 15-year fixed saw a minor points reduction (2.000→1.875 pts, APR improved to 5.415%) and held at 5.125%.
HSFCU had been one of the more competitive credit unions for 30yr rates, reaching 5.750% on March 31. Today's reversal is unusual in its size — a 25bps single-day move — and likely reflects internal repricing rather than a national rate signal.
HawaiiUSA FCU: Down to 5.250% — Hawaii's Best Verified Conforming Rate
HawaiiUSA FCU cut its 30-year fixed 12.5bps to 5.250%/5.621% APR (2.500 points) — now the best verified conforming 30-year rate in Hawaii. On an $800,000 loan, that's about $4,418/month P&I — roughly $258/month less than the next-best bank rate (BOH at 5.875%).
Note that HIFCU charges 2.5 points (~$20,000 upfront on an $800K loan), which is higher than most competitors. The breakeven versus a lower-points option is roughly 6–7 years. For long-term buyers staying in their home, it's typically worth it.
ASB Drops to 5.875% — Ties BOH for Best Bank Rate
American Savings Bank cut its 30-year fixed 12.5bps to 5.875%/6.141% APR (2.250 points), now tied with Bank of Hawaii on rate. BOH holds a slight APR advantage (6.051% vs 6.141%) due to lower points. ASB's 15-year fixed also dropped 12.5bps to 5.125%/5.498% APR (1.875 points).
Bank of Hawaii's 15-year fixed also dropped 12.5bps to 5.375%/5.530% APR — now the best 15-year fixed from a bank in Hawaii.
Savings: CPB CD Special Drops to 3.00%
Central Pacific Bank's Exceptional Preferred CD Special (6-month, $20,000 minimum) fell from 3.10% to 3.00% APY as of April 1. It remains a competitive option for existing CPB Exceptional Plan customers. Pearl Hawaii FCU's 8-month certificate at 3.65% APY remains the best CD rate in Hawaii, with Hawaii State FCU's 5-month at 3.40% and ASB's 6-month at 3.40% close behind.
Current Hawaii 30-Year Fixed Rates (April 1, 2026)
| Lender | Rate | APR | Points |
|---|---|---|---|
| #1HawaiiUSA FCU | 5.000% | 5.354% | 2.375 |
| Bank of Hawaii | 5.750% | 5.925% | 1.875 |
| Hawaii State FCU | 5.875% | 6.051% | 1.875 |
| American Savings | 5.875% | 6.093% | 1.750 |
| First Hawaiian | 5.875% | 6.170% | 2.125 |
| Central Pacific | 5.875% | 6.197% | 2.000 |
| Hawaii State FCU | 6.125% | 6.208% | 0.875 |
Sorted by APR (lowest first). Does not include unverified or stale rates. Data as of April 1, 2026.
Frequently Asked Questions
Why did Hawaii State FCU raise rates 25bps in one day?
Credit unions set mortgage rates independently based on their cost of funds, member loan demand, and internal pricing models. A 25bps single-day move is unusually large and likely reflects internal repricing — possibly to manage loan volume or adjust margins after an aggressive stretch. HSFCU had cut 12.5bps on March 31 and 12.5bps earlier in March, making today's reversal a full unwind. It does not necessarily signal a broader market move.
What is the best Hawaii 30-year mortgage rate right now?
As of April 1, 2026, HawaiiUSA FCU offers the best verified conforming 30-year fixed rate at 5.250%/5.621% APR (2.500 points, membership required). Bank of Hawaii follows at 5.875%/6.051% APR. American Savings Bank ties on rate at 5.875%/6.141% APR. Aloha Pacific FCU's posted rate of 5.000%/5.279% APR is unverified (17+ days old) and should be confirmed directly.
How much does a 30-year mortgage cost in Hawaii today?
At HawaiiUSA FCU's best verified rate of 5.250%/5.621% APR on an $800,000 loan, the monthly principal and interest payment is approximately $4,418. At Bank of Hawaii's 5.875%/6.051% APR, the same loan would run about $4,732/mo — a $314/month difference. Keep in mind that HIFCU's rate requires 2.5 points (~$20,000 upfront), which affects the all-in comparison.