BOH Hits 5.625% — Hawaii's New Bank Low — Three Banks Now at 5.750%
Bank of Hawaii dropped its 30-year fixed −12.5bps to 5.625%/5.810% APR — Hawaii's lowest bank mortgage rate. Central Pacific and American Savings also fell −12.5bps to 5.750%. FHB held 5.875% but points dropped to 1.875 (APR 6.14%).
April 14 Market Snapshot
- ↓ BOH 30yr: 5.750% → 5.625% (−12.5bps); pts unchanged 2.000; APR 5.937% → 5.810%
- ↓ BOH 15yr: 5.375% → 5.250% (−12.5bps); pts 0.875 → 1.000; APR 5.510% → 5.404%
- ↓ BOH 5/6 ARM: 5.125% → 5.000% (−12.5bps); pts 2.000 unchanged; APR 6.060% → 6.004%
- ↓ BOH 7/6 ARM: 5.250% → 5.125% (−12.5bps); pts 2.000 unchanged; APR 5.984% → 5.915%
- ↓ BOH 10/6 ARM: 5.375% → 5.250% (−12.5bps); pts 2.000 unchanged; APR 5.909% → 5.823%
- ↓ BOH Jumbo 30yr: 6.125% → 6.000% (−12.5bps); pts 0.625 → 0.750; APR 6.184% → 6.070%
- ↓ BOH VA 30yr: 5.375% → 5.250% (−12.5bps); pts 1.875 unchanged; APR 5.889% → 5.760%
- ↓ CPB 30yr: 5.875% → 5.750% (−12.5bps); pts unchanged 2.375; APR 6.233% → 6.105%
- ↓ CPB 15yr: 5.250% → 5.125% (−12.5bps); pts 1.750 → 1.875; APR 5.733% → 5.625%
- ↓ ASB 30yr: 5.875% → 5.750% (−12.5bps); pts 1.875 → 2.250; APR 6.105% → 6.013%
- ↓ ASB Jumbo 30yr: 6.125% → 6.000% (−12.5bps); pts 0.875 → 1.125; APR 6.258% → 6.155%
- ↓ ASB VA 30yr: 5.875% → 5.750% (−12.5bps); pts 0.000 unchanged; APR 6.124% → 5.997%
- ↓ FHB 30yr: rate 5.875% unchanged; pts 2.250 → 1.875; APR 6.18% → 6.14%
- ↓ FHB 15yr: rate 5.125% unchanged; pts 2.375 → 2.125; APR 5.64% → 5.60%
- ↓ HSFCU 30yr: rate 5.875% unchanged; pts 2.000 → 1.750; APR 6.063% → 6.039%
- ↓ HSFCU 30yr (low pts): rate 6.125% unchanged; pts 1.000 → 0.750; APR 6.220% → 6.196%
- ↓ HSFCU 15yr: rate 5.125% unchanged; pts 1.750 → 1.500; APR 5.395% → 5.356%
- ↓ HSFCU 15yr (low pts): 5.500% → 5.375% (−12.5bps); pts 0.750 unchanged; APR 5.616% → 5.491%
- — HIFCU: 5.250%/5.797% APR unchanged (last updated 04/13)
- — ASB 15yr: rate 5.000% unchanged; pts 2.000 → 1.875; APR 5.390% → 5.371%
- — APFCU, PHFCU: mortgage rates not updated (dynamic pages)
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Analysis: BOH Drops 37.5bps in Six Days
Bank of Hawaii has now dropped its 30-year fixed rate three times in six business days (April 8, 9, and 14), for a cumulative −37.5bps from 6.000% to 5.625%. Today's 5.625%/5.810% APR is the lowest bank 30-year rate we have recorded in 2026. The move brings BOH in meaningful distance of HawaiiUSA FCU's 5.250%/5.797% APR — and in fact, BOH's APR (5.810%) is now lower than HIFCU's APR (5.797%) on a strict APR comparison, despite the higher note rate. That's a points tradeoff worth understanding before choosing.
The multi-lender synchronized drop — BOH, CPB, and ASB all falling on the same day — signals a genuine market-level shift rather than institution-specific pricing. All three now sit at 5.750% (note rate), but their APRs differ: BOH 5.810%, ASB 6.013%, CPB 6.105%. The APR spread reflects points differences (BOH 2.000 pts vs. ASB 2.250 pts vs. CPB 2.375 pts). For buyers planning to stay in the home longer than 7–8 years, the higher-points/lower-APR option at BOH wins on total cost.
FHB is quietly competitive today. At 5.875%/6.14% APR with only 1.875 points — FHB's lowest points in 2026 — it's now the best option for buyers who want minimal upfront cost and plan to refinance or sell within 5–7 years. The lower points mean FHB beats ASB on cost-adjusted terms for short time horizons despite the higher rate.
HSFCU continued its pattern of points compression: all four products saw points drop while rates held flat (except 15yr-np which fell −12.5bps). HSFCU's 30-year at 5.875%/6.039% APR is now closer to the bank rates — the traditional CU vs. bank spread has narrowed significantly over the past two weeks.
Current Hawaii 30-Year Fixed Rates (April 14, 2026)
| Lender | Rate | APR | Points | Change |
|---|---|---|---|---|
| #1HawaiiUSA FCU | 5.000% | 5.354% | 2.375 | ↓ 25.0bps |
| 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 | ↑ 25.0bps |
Sorted by APR (lowest first). Verified April 14, 2026. Change vs. April 13, 2026.
What This Means for Hawaii Buyers
Today's moves are the most significant single-day update in two weeks for Hawaii mortgage buyers. BOH at 5.625%/5.810% APR is now Hawaii's lowest verified bank rate — and its APR is within 13bps of HawaiiUSA FCU (which requires credit union membership). For buyers who cannot join HIFCU, BOH is the standout today.
On a $960,000 loan (20% down on a $1.2M home — near Oahu median), the difference between BOH at 5.625% and FHB at 5.875% is approximately $143/month — or roughly $51,000 over 30 years. Even accounting for BOH's higher points cost (2.000 vs. FHB's 1.875), BOH breaks even vs. FHB on total cost in under 3 years.
For buyers using VA loans, ASB's VA rate dropped today to 5.750%/5.997% APR (0 points) — one of the most competitive VA rates in Hawaii. BOH's VA at 5.250%/5.760% APR (1.875 pts) is also worth comparing.
This is market data only — not financial advice. Consult a licensed mortgage professional for guidance specific to your situation.
Frequently Asked Questions
What happened to Hawaii mortgage rates on April 14, 2026?
On April 14, 2026, Bank of Hawaii dropped its 30-year fixed −12.5bps to 5.625%/5.810% APR — Hawaii's lowest bank 30-year rate. Central Pacific Bank fell −12.5bps to 5.750%/6.105% APR (30-year) and 5.125%/5.625% APR (15-year). American Savings Bank fell −12.5bps to 5.750%/6.013% APR. First Hawaiian Bank held 5.875% but dropped points to 1.875 (APR 6.14%). HSFCU points dropped across all products; 15-year low-points option fell −12.5bps to 5.375%.
What is the best Hawaii 30-year mortgage rate on April 14, 2026?
HawaiiUSA FCU remains the best verified conforming 30-year rate at 5.250%/5.797% APR (membership required). Among banks, Bank of Hawaii now leads at 5.625%/5.810% APR — Hawaii's lowest bank 30-year rate. Three banks now sit at 5.750%: CPB (6.105% APR), ASB (6.013% APR), and BOH (5.810% APR). BOH's lower APR reflects its lower points cost.
Why did Hawaii mortgage rates drop again on April 14, 2026?
The synchronized drop across BOH, CPB, and ASB on April 14 follows a pattern of Treasury yield softening after the April 9–10 tariff-pause spike. Bank of Hawaii has now dropped 37.5bps in 6 days (April 8, 9, and 14). The multi-lender simultaneous move suggests a broader shift in rate expectations rather than institution-specific pricing — Hawaii's local banks appear to be tracking 10-year Treasury movements with 1–2 day lag.
Should I lock my Hawaii mortgage rate now or wait?
This is market data only — not financial advice. What we can say: Hawaii rates have been highly volatile in April (BOH alone has moved 5 times in 7 business days). If you are under contract and your rate lock is expiring, today's lower rates from BOH, CPB, and ASB represent genuine savings vs. a week ago. Buyers who are rate-sensitive should compare BOH at 5.625%/5.810% APR vs. HawaiiUSA FCU at 5.250%/5.797% APR. Consult a licensed mortgage professional.
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