Rate Alert: FHB, BOH & ASB Cut Hawaii Mortgage Rates
Three of Hawaii's largest lenders lowered mortgage rates today. Bank of Hawaii's 30-year fixed dropped to 5.625% (5.787% APR) — a 12.5 basis point cut. First Hawaiian Bank and American Savings Bank also trimmed rates across fixed-rate products.
What this means for an $800K loan (BOH 30-year)
Yesterday
$4669/mo
5.750% rate
Today
$4669/mo
5.750% rate
Monthly savings
-$0
Today's Rate Changes
| Lender | Product | Old Rate | New Rate | Change | New APR |
|---|---|---|---|---|---|
| Bank of Hawaii | 30-Year Fixed | 5.750% | 5.750% | ↓ 13 bps | 5.925% |
| First Hawaiian Bank | 30-Year Fixed | 5.875% | 5.875% | ↓ 13 bps | 6.170% |
| American Savings Bank | 15-Year Fixed | 5.125% | 5.000% | ↓ 13 bps | 5.371% |
| Bank of Hawaii | 15-Year Fixed | 5.375% | 5.250% | ↓ 13 bps | 5.404% |
| Bank of Hawaii | 30-Year VA Fixed | 5.375% | 5.250% | ↓ 13 bps | 5.772% |
Context: Why Rates Are Moving
Hawaii lenders typically adjust rates in response to movements in the 10-year Treasury yield and the broader secondary mortgage market. The 12.5 basis point cuts seen today follow a week of easing in benchmark rates. Credit unions (Pearl Hawaii, Aloha Pacific, HSFCU) did not change rates today.
Current Best Rates in Hawaii (March 17)
30-Year Fixed — sorted by APR
| Lender | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| HawaiiUSA FCU | 5.000% | 5.354% | 2.375 | $4295 |
| Bank of Hawaii | 5.375% | 5.901% | 2.000 | $4480 |
| Bank of Hawaii | 5.750% | 5.925% | 1.875 | $4669 |
| Hawaii State FCU | 5.875% | 6.051% | 1.875 | $4732 |
| American Savings | 5.875% | 6.093% | 1.750 | $4732 |
| American Savings | 5.875% | 6.124% | 0.000 | $4732 |
15-Year Fixed — sorted by APR
| Lender | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| HawaiiUSA FCU | 3.875% | 4.389% | 1.875 | $5868 |
| Hawaii State FCU | 5.125% | 5.356% | 1.500 | $6379 |
| American Savings | 5.000% | 5.371% | 1.875 | $6326 |
| Bank of Hawaii | 5.375% | 5.491% | 0.750 | $6484 |
| Hawaii State FCU | 5.375% | 5.510% | 0.875 | $6484 |
What To Do With This Information
If you're actively shopping for a mortgage, today's rate drops are meaningful but not dramatic. A 12.5 basis point cut saves roughly $0/month on an $800K loan — about $0/year.
If you locked a rate within the last 30 days and your lender allows a one-time float-down, it's worth asking. If you're still in the comparison phase, today's moves make BOH's 30-year fixed more competitive relative to the credit unions — though Pearl Hawaii FCU (5.213% APR) and Aloha Pacific FCU (5.279% APR) remain the lowest-APR options.
Note: Credit union rates (APFCU, PHFCU, HSFCU, HawaiiUSA FCU) were unchanged today.
See the full rate comparison table
All 8 Hawaii lenders, sorted by APR, updated daily.
Rates shown are for purchase mortgages, owner-occupied, single-family, $800K loan, 80% LTV, with borrower-paid points as listed. APR includes estimated fees. Rates effective March 17, 2026 and subject to change. Contact lenders directly for quotes specific to your situation. 808 Rates does not sell leads or accept compensation that affects rate rankings.