Rate Alert: Hawaii State FCU Raises for Second Straight Day — Now at 6.125%, Banks Hold Flat
Hawaii State FCU raised its 30-year fixed rate another 12.5 basis points on April 4, reaching 6.125%/6.280% APR. It's the credit union's second consecutive daily increase, moving HSFCU above all four major Hawaii banks. Banks (FHB, BOH, CPB, ASB) held flat. HawaiiUSA FCU remains Hawaii's best verified rate at 5.250%/5.621% APR.
Today's Rate Changes (April 4, 2026)
| Lender | 30yr Rate | APR | Change |
|---|---|---|---|
| HawaiiUSA FCU | 5.250% | 5.621% | — Unchanged |
| Bank of Hawaii | 5.875% | 6.051% | — Unchanged |
| American Savings Bank | 6.000% | 6.232% | — Unchanged |
| First Hawaiian Bank | 6.000% | 6.280% | — Unchanged |
| Hawaii State FCU↑ Day 2 | 6.125% | 6.280% | ↑ rate 6.000→6.125% |
| Central Pacific Bank | 6.000% | 6.337% | — Unchanged |
| Aloha Pacific FCU | 5.000% | 5.279% | ⚠ Unverified (20d) |
| Pearl Hawaii FCU | 6.120% | 6.348% | Table unavailable |
Changes reflect moves from April 3 close. APR differences include both rate and points changes.
HSFCU's Two-Day Climb: +25bps in 48 Hours
Hawaii State FCU has now raised its 30-year fixed rate on back-to-back days: +12.5bps on April 3 (from 6.000% to a 6.000% APR move via points), and another +12.5bps today to 6.125%/6.280% APR. Combined, that's a 25-basis-point rate increase in two business days — an unusually rapid move for a Hawaii credit union.
HSFCU now sits above all four major Hawaii banks on a straight rate comparison. As recently as April 2, it was one of the competitive options at 6.000%. HSFCU's low-points variant (6.375%/6.459% APR, 0.875 points) still appeals to buyers who want minimal upfront costs.
All Four Banks Hold — A Divergence Story
First Hawaiian Bank, Bank of Hawaii, Central Pacific Bank, and American Savings Bank all held their rates and points unchanged for the second consecutive day. This creates a rare divergence: the credit union (HSFCU) is moving faster than the banks in response to market conditions.
For buyers, this means banks are temporarily more competitive than HSFCU on straight rate comparisons — particularly BOH at 5.875%/6.051% APR. If you're comparing bank vs. credit union, today's spread favors the banks unless you qualify for HawaiiUSA FCU's market-leading 5.250%/5.621% APR.
Current Hawaii 30-Year Fixed Rates (April 4, 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 4, 2026.
Frequently Asked Questions
Should I lock my Hawaii mortgage rate today given two days of increases?
Two consecutive days of increases (April 3–4) suggest short-term upward pressure. However, rate direction is difficult to predict — April 1–2 brought two days of reductions, followed by two days of increases. If you have a purchase under contract, discuss locking with your loan officer. Rate lock fees vary by period (30/45/60 days). This is not financial advice; consult a licensed mortgage professional for your situation.
What is the best Hawaii mortgage rate on April 4, 2026?
As of April 4, 2026, HawaiiUSA FCU leads 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. Hawaii State FCU moved to 6.125%/6.280% APR today after two days of increases. All four major banks held flat.
How do Hawaii credit union mortgage rates compare to banks in April 2026?
It depends on which credit union. HawaiiUSA FCU offers the best conforming rate in Hawaii at 5.250%/5.621% APR — significantly below all banks. But Hawaii State FCU has risen to 6.125%/6.280% APR after two days of hikes, now above all four banks. Credit union membership is required; eligibility varies by institution. Always verify current rates directly before applying.