Rate Alert: Hawaii Mortgage Rates Rise Broadly on March 26, 2026 — But HIFCU Cuts 15-Year to 4.125%
Six of eight tracked Hawaii lenders raised mortgage rates on March 26, largely reversing yesterday's broad-based cuts. Bank of Hawaii posted the largest single-institution move at +25 basis points on its 30-year fixed, now matching First Hawaiian Bank, CPB, and ASB at 6.125%. Hawaii State FCU also moved up 12.5–25bps. HawaiiUSA FCU bucked the trend — cutting its 15-year fixed to a new low of 4.125%. Pearl Hawaii FCU separately slashed its HELOC introductory rate 75bps to 4.50%.
Today's Rate Changes (March 26, 2026)
| Lender | Product | Old Rate | New Rate | Change | New APR |
|---|---|---|---|---|---|
| FHB | 30-Year Fixed | 6.000% | 6.125% | +12.5 bps | 6.46% |
| FHB | ARMs (all) | 5.125–5.500% | 5.250–5.625% | +12.5 bps | varies |
| BOH | 30-Year Fixed | 5.875% | 6.125% | +25 bps | 6.280% |
| BOH | 15-Year Fixed | 5.500% | 5.625% | +12.5 bps | 5.741% |
| CPB | 30-Year Fixed | 6.000% | 6.125% | +12.5 bps | 6.478% |
| ASB | 30-Year Fixed | 6.000% | 6.125% | +12.5 bps | 6.408% |
| ASB | 15-Year Fixed | 5.250% | 5.375% | +12.5 bps | 5.772% |
| HSFCU | 30-Year Fixed | 5.875% | 6.000% | +12.5 bps | 6.165% |
| HSFCU | 15-Year Fixed | 5.125% | 5.375% | +25 bps | 5.647% |
| HIFCU | 15-Year Fixed | 4.250% | 4.125% | −12.5 bps | 4.681% |
| PHFCU | HELOC (3-yr intro) | 5.25% intro | 4.50% intro | −75 bps | 7.25% var. |
Rates as of March 26, 2026. APFCU unchanged (last updated 03/01/2026). All mortgage rates based on 80% LTV, owner-occupant purchase.
What Does This Mean for Your Payment?
On an $800,000 loan, BOH's +25bps move adds approximately $120/month compared to yesterday's rate — or about $43,200 over 30 years. Meanwhile, HIFCU's 15-year drop saves borrowers roughly $56/month versus yesterday.
| Scenario | Rate | P&I / mo | vs. Yesterday |
|---|---|---|---|
| BOH 30yr (yesterday) | 5.875% | $4,732 | — |
| BOH 30yr (today) | 6.125% | $4,861 | +$129/mo |
| HIFCU 15yr (yesterday) | 4.250% | $6,018 | — |
| HIFCU 15yr (today) | 4.125% | $5,968 | −$50/mo |
Based on $800,000 loan, principal & interest only. Does not include taxes, insurance, or HOA.
Pearl Hawaii FCU Cuts HELOC Intro Rate to 4.50%
Pearl Hawaii FCU reduced its 3-year introductory HELOC rate by 75 basis points to 4.50% APR as of March 26, 2026 (previously 5.25%). After the 3-year intro period, the rate adjusts to a variable rate currently at 7.25% APR.
This applies to new HELOCs up to 80% LTV on owner-occupied, fee-simple Oahu properties. Minimum line: $5,000. Maximum: $400,000. PHFCU membership required. Compare all Hawaii HELOC rates →
Market Context: Two Steps Forward, Two Steps Back
Today's moves are a near-complete reversal of yesterday's broad cuts — and that pattern is becoming familiar in March 2026. Hawaii's bank rates have swung 12.5–25bps in each direction on consecutive trading days at least four times this month. This volatility reflects uncertainty in the secondary mortgage market around Federal Reserve policy and trade-related inflation signals.
Notably, BOH's +25bps move is the largest single-day increase from any one institution since the March 20 spike. Meanwhile, credit unions are showing more independence from the daily swings: HawaiiUSA FCU cut its 15-year rate today while banks raised, and Aloha Pacific FCU continues to hold its rates steady from early March.
Key insight: Over the last 10 trading days, HawaiiUSA FCU has consistently offered the best 30-year APR among all tracked lenders. Their 15-year rate at 4.125%/4.681% APR is now the lowest in the state. The bank-vs-CU spread on 30-year fixed has widened today: best bank rate (BOH/FHB/CPB/ASB) at 6.125–6.280% APR vs. best CU (APFCU) at 5.279% APR — a spread of ~100bps.
Best Hawaii Mortgage Rates Today (March 26, 2026)
30-Year Fixed — Ranked by APR
| Lender | Rate | APR | Points | Est. P&I ($800K) |
|---|---|---|---|---|
| HawaiiUSA FCU✓ Best Rate | 5.000% | 5.354% | 2.375 | $4,295 |
| Bank of Hawaii | 5.375% | 5.897% | 1.875 | $4,480 |
| Bank of Hawaii | 5.750% | 5.925% | 1.875 | $4,669 |
| Bank of Hawaii | 5.250% | 5.973% | 1.875 | $4,418 |
| American Savings | 5.375% | 5.982% | 2.250 | $4,480 |
| First Hawaiian | 5.375% | 5.990% | 1.875 | $4,480 |
| American Savings | 5.250% | 6.017% | 1.750 | $4,418 |
| Bank of Hawaii | 5.125% | 6.048% | 1.875 | $4,356 |
| Hawaii State FCU | 5.875% | 6.051% | 1.875 | $4,732 |
| American Savings | 5.875% | 6.093% | 1.750 | $4,732 |
| First Hawaiian | 5.125% | 6.150% | 1.875 | $4,356 |
| First Hawaiian | 5.875% | 6.170% | 2.125 | $4,732 |
| Central Pacific | 5.875% | 6.197% | 2.000 | $4,732 |
| First Hawaiian | 5.250% | 6.200% | 1.875 | $4,418 |
| Hawaii State FCU | 6.125% | 6.208% | 0.875 | $4,861 |
| First Hawaiian | 5.000% | 6.290% | 1.875 | $4,295 |
15-Year Fixed — Ranked by APR
| Lender | Rate | APR | Points | Est. P&I ($800K) |
|---|---|---|---|---|
| HawaiiUSA FCU✓ Best Rate | 3.875% | 4.389% | 1.875 | $5,868 |
| Hawaii State FCU | 5.125% | 5.356% | 1.500 | $6,379 |
| American Savings | 5.000% | 5.371% | 1.875 | $6,326 |
| Bank of Hawaii | 5.375% | 5.491% | 0.750 | $6,484 |
| Hawaii State FCU | 5.375% | 5.510% | 0.875 | $6,484 |
| Central Pacific | 5.000% | 5.557% | 2.250 | $6,326 |
| First Hawaiian | 5.125% | 5.620% | 2.250 | $6,379 |
Rates sorted by APR per RESPA guidelines. Not influenced by advertising or referral fees.
Frequently Asked Questions
Did Bank of Hawaii raise mortgage rates on March 26, 2026?▾
Yes. Bank of Hawaii raised its 30-year fixed rate by 25 basis points on March 26, 2026 — from 5.875% to 6.125% (6.280% APR, 1.625 points). The 15-year fixed also increased 12.5bps to 5.625% (5.741% APR). All ARM products increased approximately 25bps and points were reduced.
Did First Hawaiian Bank raise mortgage rates on March 26, 2026?▾
Yes. First Hawaiian Bank raised its 30-year fixed rate by 12.5 basis points on March 26, 2026 — from 6.000% to 6.125% (6.46% APR, 2.500 points). The 15-year APR rose from 5.84% to 5.90% with points increasing from 2.000 to 2.375. All ARM products increased 12.5bps.
What are the best Hawaii mortgage rates on March 26, 2026?▾
As of March 26, 2026, Aloha Pacific FCU leads on 30-year at 5.000%/5.279% APR (2.000 points, membership required). HawaiiUSA FCU is #2 at 5.375%/5.737% APR. For 15-year, HawaiiUSA FCU leads with 4.125%/4.681% APR after cutting 12.5bps today — the lowest 15-year rate among all tracked Hawaii lenders.
Did HawaiiUSA FCU lower rates on March 26, 2026?▾
Yes — HawaiiUSA FCU bucked the broad market trend and cut its 15-year fixed rate by 12.5 basis points to 4.125% (4.681% APR, 2.125 points) on March 26, 2026. This is now the best 15-year mortgage rate among all 8 tracked Hawaii lenders. Their 30-year rate held at 5.375% with minor APR and points adjustments.
Did Pearl Hawaii FCU cut its HELOC rate on March 26, 2026?▾
Yes. Pearl Hawaii FCU cut its 3-year introductory HELOC rate by 75 basis points to 4.50% APR (from 5.25%) as of March 26, 2026. The non-introductory variable rate remains at 7.25%. This makes PHFCU's HELOC one of the most competitive intro rates in Hawaii. The introductory rate applies to new applications on HELOCs up to 80% LTV on owner-occupied Oahu properties.
Why did Hawaii mortgage rates rise on March 26, 2026?▾
Single-day rate increases across multiple lenders typically reflect an upward move in the secondary mortgage market — driven by rising Treasury yields or MBS (mortgage-backed securities) repricing. March 26 reversed much of the March 25 broad-based cut, suggesting continued day-to-day volatility in the Hawaii mortgage market tied to macro signals around trade policy and Fed rate expectations.
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