ASB Reprices Up +12.5bps — HIFCU Holds Record Low 5.125%/5.458% APR
American Savings Bank raised its 30-year conforming rate to 5.875%/6.105% APR. HSFCU pushed its 15-year up +12.5bps. BOH repriced jumbo and 15yr products. HawaiiUSA FCU holds at 5.125%/5.458% APR for a second straight day — widening the bank-vs-CU gap to 47bps on APR.
April 16 Market Snapshot
- ↑ ASB 30yr: 5.750% → 5.875% (+12.5bps); pts 2.250 → 1.875; APR 6.013% → 6.105%
- ↓ ASB Jumbo 30yr: 6.000% → 5.875% (−12.5bps); pts 1.250 → 1.875; APR 6.167% → 6.100%
- ↑ ASB 10yr ARM: pts 2.125 → 2.250; APR 5.971% → 5.982%
- ↑ BOH 15yr: 5.250% → 5.375% (+12.5bps); pts 1.000 → 0.750; APR 5.404% → 5.491%
- ↑ BOH Jumbo 30yr: rate unchanged; pts 0.875 → 1.000; APR 6.082% → 6.094%
- ↑ BOH Jumbo 20yr: rate unchanged; pts 0.875 → 1.000; APR 5.733% → 5.748%
- ↑ BOH Jumbo 15yr: 5.250% → 5.375% (+12.5bps); pts 1.125 → 0.875; APR 5.423% → 5.510%
- ↑ FHB 15yr: rate 5.125% unchanged; pts 2.125 → 2.250; APR 5.60% → 5.62%
- ↑ HSFCU 15yr: 5.000% → 5.125% (+12.5bps); pts 2.000 → 1.625; APR 5.308% → 5.375%
- ↑ HSFCU 30yr: rate 5.875% unchanged; pts 1.750 → 1.875; APR 6.039% → 6.051%
- ↑ HSFCU 15yr (low pts): pts 0.750 → 1.000; APR 5.491% → 5.530%
- ↑ HSFCU 30yr (low pts): pts 0.750 → 0.875; APR 6.196% → 6.208%
- — HIFCU 30yr: unchanged 5.125%/5.458% APR — best in Hawaii for second straight day
- — BOH 30yr / FHB 30yr / CPB 30yr: all unchanged
- — ASB 15yr / VA / 7yr ARM: unchanged
- ⚠ HIFCU, APFCU: savings/CD data removed today — site blocked data access; entries were 16–23 days stale. Mortgage data retained (1 day old).
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Analysis: HIFCU's Widening Lead
HawaiiUSA FCU's 30-year conforming rate held flat at 5.125%/5.458% APR for a second consecutive day while four other lenders repriced higher. The result: HIFCU's APR advantage over the best bank rate (BOH at 5.750%/5.925% APR) has now widened to 47bps — up from roughly 35bps on April 14. For a $960,000 loan on a $1.2M Oahu home, that spread translates to approximately $380/month in payment savings over BOH.
ASB's move today is the most structurally interesting. The 30-year conforming rate increased +12.5bps to 5.875%, but ASB simultaneously reduced points from 2.250 to 1.875. The APR rose from 6.013% to 6.105%, confirming that the overall cost of borrowing increased — but the points reduction slightly cushions the impact for buyers who want to minimize closing costs. ASB's jumbo 30-year, paradoxically, moved in the opposite direction: rate fell −12.5bps to 5.875% (matching the new conforming rate), while points increased from 1.250 to 1.875. Net APR fell from 6.167% to 6.100%.
HSFCU's repricing reversed its recent downward trend on the 15-year: 5.000% → 5.125% (+12.5bps). HSFCU's 15-year had briefly been the best option for buyers who could afford the higher payment; today it sits at 5.125%/5.375% APR, still below FHB's 15-year (5.125%/5.62% APR) but now matched on rate with ASB's unchanged 15-year (5.000%/5.371% APR). ASB wins on rate (5.000%), HSFCU wins on APR (5.375% vs 5.371%) — essentially a draw depending on term length preference.
BOH's jumbo repricing is a secondary story. All three BOH jumbo products saw points increase (0.125 per product), pushing APRs up 12–15bps. The 15-year jumbo rate itself rose +12.5bps to 5.375%. These moves suggest BOH is tightening its jumbo pricing in response to secondary market conditions — independent of the conforming market where BOH held flat.
Current Hawaii 30-Year Fixed Rates (April 16, 2026)
| Lender | Rate | APR | Points | Change |
|---|---|---|---|---|
| #1HawaiiUSA FCU | 5.000% | 5.354% | 2.375 | ↓ 12.5bps |
| 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 | ↑ 12.5bps |
| 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 16, 2026. Change vs. April 15, 2026.
What This Means for Hawaii Buyers
For borrowers who qualify for HIFCU membership, today reinforces a clear recommendation: HIFCU's 5.125%/5.458% APR is substantially better than any bank rate. On a $960,000 loan, the monthly P&I vs. BOH (5.750%) is approximately $368/month lower — about $132,000 over 30 years. Even with slightly higher points (2.125 vs BOH's 1.875), the break-even on the points premium is under 2 months.
Among banks, BOH retains the best 30-year rate at 5.750%/5.925% APR — unchanged today while ASB, FHB, and CPB all sit at 5.875%. BOH's lower APR despite the same rate as FHB and CPB is due to its lower points (1.875 vs. 2.125 for FHB, 1.875 for CPB). For buyers who can't access HIFCU, BOH remains the best bank option.
The 15-year market saw mixed changes. ASB's 15-year held at 5.000%/5.371% APR (unchanged), making it the best bank 15-year today. HSFCU reversed its recent drop — back to 5.125%/5.375% APR (2 days ago it was the headline at 5.000%). For 15-year buyers, ASB now wins on rate while HSFCU and ASB are essentially tied on APR.
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 16, 2026?
On April 16, 2026, most Hawaii lenders moved rates and points higher. American Savings Bank raised its 30-year conforming rate +12.5bps to 5.875% (APR: 6.105%) while reducing points from 2.250 to 1.875. Hawaii State FCU raised its 15-year rate +12.5bps to 5.125% and adjusted points higher across all products. Bank of Hawaii repriced its 15-year fixed up to 5.375% (+12.5bps) and adjusted jumbo products. The one exception: ASB's 30-year jumbo rate fell −12.5bps to 5.875%. HawaiiUSA FCU held its 30-year conforming rate flat at 5.125%/5.458% APR for a second straight day.
What is the best Hawaii 30-year mortgage rate on April 16, 2026?
HawaiiUSA FCU offers the best verified 30-year fixed rate in Hawaii at 5.125%/5.458% APR (2.125 points, membership required). Among major banks, Bank of Hawaii has the lowest 30-year bank rate at 5.750%/5.925% APR (1.875 points). ASB and CPB are both at 5.875% rate with APRs of 6.105% and 6.184% respectively. First Hawaiian Bank holds at 5.875%/6.17% APR.
Why did ASB raise its 30-year mortgage rate on April 16, 2026?
American Savings Bank's 30-year conforming rate increase from 5.750% to 5.875% on April 16 is consistent with broader upward pressure on 10-year Treasury yields this week. Notably, ASB simultaneously reduced its points from 2.250 to 1.875, so the all-in cost comparison is more nuanced — borrowers who prefer lower upfront costs may actually prefer the new structure. ASB's effective APR increased from 6.013% to 6.105%, confirming the overall cost did rise.
Why were HIFCU and APFCU savings rates removed from the comparison table?
On April 16, 2026, 808rates.com was unable to access HawaiiUSA FCU and Aloha Pacific FCU savings and CD rate pages — both institutions blocked our data collection tool. The HIFCU savings rate (0.05% APY) was 22 days old, and APFCU's entries (savings 0.05%, CD 6-month 2.75%, CD 12-month 3.25%) were 16 days old — both exceeding our 14-day freshness policy. Rather than display stale data, we removed the entries. HIFCU and APFCU mortgage rates and savings rates remain available directly on their websites.
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