Rate Alert: Hawaii Rates Reverse — ASB 30yr Jumps to 6.000%, 6 Lenders Raise Costs
After two consecutive days of cost reductions, Hawaii mortgage lenders reversed course on April 3. American Savings Bank led the move with a 12.5bps rate hike to 6.000%. BOH, HSFCU, HawaiiUSA FCU, and CPB all raised points. Only First Hawaiian Bank held flat.
Today's Rate Changes (April 3, 2026)
| Lender | 30yr Rate | APR | Change |
|---|---|---|---|
| HawaiiUSA FCU | 5.250% | 5.621% | ↑ pts 2.250→2.500 |
| Bank of Hawaii | 5.875% | 6.051% | ↑ pts 1.750→1.875 |
| American Savings Bank | 6.000% | 6.232% | ↑ rate 5.875→6.000% |
| Hawaii State FCU | 6.000% | 6.177% | ↑ pts 1.750→1.875 |
| Central Pacific Bank | 6.000% | 6.337% | ↑ pts 1.875→2.125 |
| First Hawaiian Bank | 6.000% | 6.280% | — Unchanged |
| Aloha Pacific FCU | 5.000% | 5.279% | ⚠ Unverified (19d) |
| Pearl Hawaii FCU | 6.120% | 6.348% | Table unavailable |
Changes reflect moves from April 2 close. APR increases include both rate and points changes.
The Two-Day Cycle: Why Hawaii Rates Reversed So Quickly
Hawaii mortgage rates dropped points on April 1 and April 2 — a two-day easing that briefly made borrowing costs more attractive. April 3 erased most of those gains. This kind of rapid cycle is characteristic of a volatile rate environment where lenders track bond markets closely and adjust pricing daily.
The pattern suggests lenders are in a narrow band — unwilling to hold lower pricing for more than a day or two without seeing sustained demand. For buyers, this underscores the value of locking quickly when rates dip: the window is often less than 48 hours.
ASB Raises 30yr Rate to 6.000% — Breaking Its 5.875% Hold
American Savings Bank's 30-year conforming fixed rate rose 12.5 basis points to 6.000%/6.232% APR (1.875 points). This is significant: ASB had held at 5.875% since the start of this week, making it one of the most competitive bank options. Today it joins FHB, CPB, and HSFCU at the 6.000% rate level.
Among banks, BOH now stands alone at 5.875%/6.051% APR — the only bank still below 6.000% for a 30-year conforming fixed. For buyers prioritizing banks over credit unions, Bank of Hawaii is the clear frontrunner today.
CPB Raises Both Rate and Points — 15yr Now 5.250%
Central Pacific Bank was the only lender to raise multiple parameters today. Its 30-year fixed points jumped 0.250 (1.875→2.125) pushing APR to 6.337% — making it the most expensive bank for 30-year conforming loans. Its 15-year fixed rate also rose 12.5bps to 5.250%/5.793% APR (2.125 points).
Yesterday CPB's 15yr had fallen to 5.125% — one of the week's positive stories. That gain has been fully reversed. For 15-year shoppers, BOH (5.375%/5.530% APR, 1.000 point) and HSFCU (5.125%/5.434% APR, 2.000 points) offer better value than CPB today.
Current Hawaii 30-Year Fixed Rates (April 3, 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). Data as of April 3, 2026.
Frequently Asked Questions
Should I lock my mortgage rate now after today's increases?
Rate locks protect you from future increases. Given today's broad reversal after a two-day easing, there's no guarantee that rates will decline again soon. If you have a purchase contract in hand, talk to your loan officer about locking at today's rates. Rate lock costs depend on lock period length — 30-day locks are typically cheapest. This is not financial advice; consult a licensed mortgage professional for your situation.
What is the best Hawaii 30-year mortgage rate on April 3, 2026?
As of April 3, 2026, HawaiiUSA FCU holds the best verified conforming 30-year fixed rate at 5.250%/5.621% APR (2.50 points, membership required). Bank of Hawaii is the best bank option at 5.875%/6.051% APR — the only bank still below 6.000% on rate. All other banks now sit at 6.000% or higher.
How much does a Hawaii mortgage cost in April 2026?
At HawaiiUSA FCU's best 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 runs about $4,732/mo. At today's ASB rate of 6.000%/6.232% APR, it's approximately $4,796/mo. Points on $800K at 2.5 points (HIFCU) equal $20,000 upfront.