Rate Alert: HawaiiUSA FCU Raises 30yr Rate While 5 Lenders Cut — Still Hawaii's Best
A split market on March 31: Bank of Hawaii, Hawaii State FCU, ASB, FHB, and CPB all cut 30-year rates by 12.5bps. HawaiiUSA FCU bucked the trend with a 12.5bps increase — but still holds the best conforming 30yr rate in Hawaii at 5.375%/5.701% APR.
Today's Rate Changes (March 31, 2026)
| Lender | 30yr Rate | APR | Change |
|---|---|---|---|
| Bank of Hawaii | 5.875% | 6.051% | ↓ −12.5bps |
| Hawaii State FCU | 5.750% | 5.937% | ↓ −12.5bps |
| American Savings Bank | 6.000% | 6.232% | ↓ −12.5bps |
| First Hawaiian Bank | 6.000% | 6.310% | ↓ −12.5bps |
| Central Pacific Bank | 6.000% | 6.337% | — Points adj. |
| HawaiiUSA FCU ↑ | 5.375% | 5.701% | ↑ +12.5bps |
| Aloha Pacific FCU | 5.000% | 5.279% | ⚠ Unverified (16d) |
| Pearl Hawaii FCU | 6.120% | 6.348% | Table unavailable |
HawaiiUSA FCU: Bucks the Market — Still Hawaii's Best
HawaiiUSA FCU raised its 30-year fixed rate by 12.5 basis points on March 31, moving from 5.250%/5.633% APR to 5.375%/5.701% APR. That's a $76/month increase on an $800,000 loan (P&I only) compared to yesterday's rate.
Despite the increase, HawaiiUSA FCU remains Hawaii's best verified conforming 30-year rate by a significant margin. The next-best rate is Hawaii State FCU at 5.750%/5.937% APR — a 37.5bps gap. Credit unions set rates independently based on their own cost of funds and loan pipeline, so divergence from the market is normal and can be temporary.
Bank of Hawaii Leads the Banks at 5.875%
Bank of Hawaii cut all mortgage products by 12.5bps today, bringing its 30-year fixed to 5.875%/6.051% APR (1.875 points). That's the best 30-year conforming rate from a bank in Hawaii — 17.5bps below First Hawaiian Bank and American Savings Bank, which both sit at 6.000%.
BOH also cut all ARM products 12.5bps (5/6 ARM now 5.250%/6.104% APR, 7/6 ARM at 5.375%/6.042% APR) and reduced its VA 30-year fixed from 5.750% to 5.625%.
Pearl Hawaii FCU HELOC: Rate Period Update
Pearl Hawaii FCU's HELOC disclosure notes that the current variable rate of 7.25% was “applicable 9/30/2025 through 3/31/2026.” Today is 3/31/2026. If you're considering a PHFCU HELOC, verify the current variable rate directly with Pearl Hawaii FCU before applying, as it may reset. The introductory rate of 4.50% for 36 months (80% LTV) was confirmed as active as of today.
Current Hawaii 30-Year Fixed Rates (March 31, 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). Does not include unverified or stale rates. Data as of March 31, 2026.
Frequently Asked Questions
Why did HawaiiUSA FCU raise rates while others cut?
Credit unions set mortgage rates independently based on their own cost of funds, member loan demand, and internal risk models. HawaiiUSA FCU's 12.5bps increase on March 31 likely reflects internal factors — not a broader market signal. Despite the increase, HIFCU remains the best verified conforming 30-year rate in Hawaii at 5.375%/5.701% APR.
What is the best Hawaii 30-year mortgage rate right now?
As of March 31, 2026, HawaiiUSA FCU offers the best verified conforming 30-year fixed rate at 5.375%/5.701% APR (2.000 points, membership required). Hawaii State FCU follows at 5.750%/5.937% APR. Bank of Hawaii leads the banks at 5.875%/6.051% APR. Aloha Pacific FCU's posted rate of 5.000%/5.279% APR is unverified (16+ days old) and should be confirmed directly.
How much does a 30-year mortgage cost in Hawaii today?
At HawaiiUSA FCU's best verified rate of 5.375%/5.701% APR on an $800,000 loan, the monthly principal and interest payment is approximately $4,480. At Bank of Hawaii's 5.875%/6.051% APR, the same loan would run about $4,732/mo. Hawaii's median home price is significantly above the national average, making rate differences meaningful — a 0.5% difference on a $900K loan translates to roughly $280/month.