Whipsaw — BOH & ASB Reverse Sunday's Cut; HSFCU 15-Year Drops — May 11, 2026
Published May 11, 2026 · Verified against 7 Hawaii lenders
Today's 30-Year Fixed Rate Snapshot
| Lender | Rate | APR | Points | vs May 10 |
|---|---|---|---|---|
| HIFCU | 5.250% | 5.597% | 2.250 | — |
| BOH | 5.875% | 6.039% | 1.750 | +10.2bps |
| HSFCU | 6.000% | 6.177% | 1.875 | -1.2bps |
| ASB | 6.000% | 6.232% | 1.875 | +10.3bps |
| FHB | 6.000% | 6.300% | 2.125 | +2.0bps |
| CPB | 6.000% | 6.325% | 2.000 | +1.2bps |
| HSFCU | 6.250% | 6.345% | 1.000 | +15.6bps |
Sorted by APR (lowest first). 30-year fixed conforming purchase, 20% down, primary residence. Rates as of May 11, 2026. Changes vs May 10, 2026 (last verified baseline). HIFCU verification was Cloudflare-blocked today; values shown are last verified April 28, 2026 — day 13 of our 14-day verification window. Auto-removal triggers May 13 if still unverified.
BOH & ASB Walk Back the Cut: Net Two-Day Move ~Zero
Bank of Hawaii's rate schedule (effective May 11–12) reversed Sunday's −12.5bps cut. The 30-year fixed went 5.750% → 5.875%, with points easing 2.000 → 1.750. Net APR: 5.937% → 6.039%, +10bps. The reversal extended across all jumbo, VA, and ARM products: jumbo 30-year 6.125% → 6.250%; jumbo 20-year 5.625% → 5.750%; VA 30-year 5.500% → 5.625%; all three ARMs +12.5bps. From Friday May 8 PM close through today, the BOH 30-year is essentially flat — the two-day round trip nets to zero.
American Savings Bank executed the same round trip. The 30-year fixed 5.875% → 6.000% (APR 6.129% → 6.232%) with points 2.125 → 1.875. The 15-year fixed 5.000% → 5.125% (APR 5.430% → 5.498%). ASB's 30-year jumbo and 10/6 ARM both +12.5bps; the 7/6 ARM held rate at 5.250% but moved points 2.125 → 2.250 (APR +1bp). VA 30-year held flat at 5.875%/6.124% APR for the third consecutive business day.
FHB & CPB: Quiet Point Bumps Lift APR 1–2bps
First Hawaiian Bank held the 30-year headline rate at 6.000% but lifted points 2.000 → 2.125, raising 30-year APR 6.28% → 6.30%. The 15-year similarly: rate held at 5.250%, points 2.125 → 2.250, APR 5.73% → 5.75%. All four ARM products unchanged. Central Pacific Bank: 30-year rate held at 6.000%, points 1.875 → 2.000, APR 6.313% → 6.325%. The 15-year and jumbo 30-year held entirely flat. The pattern at both lenders — headline rate stable, points up — is the inverse of last Friday's repricing and broadly consistent with a market that hasn't moved much in three business days.
HSFCU 15-Year Drops to 5.125% — Hawaii's Best 15-Year APR
Hawaii State FCU's May 11 schedule cut the standard 15-year fixed −12.5bps from 5.250% to 5.125%, with points moving 1.875 → 2.000 — net APR 5.541% → 5.434%. That's a clean APR improvement and now the lowest verified 15-year APR in our entire Hawaii bank/CU set, beating ASB's 5.498%, BOH's 5.510%, and FHB's 5.75%. For a Hawaii buyer with the cash flow to support a 15-year payment, HSFCU is mathematically the cheapest path on the board today.
HSFCU's standard 30-year held rate at 6.000% but trimmed points 2.000 → 1.875 (APR 6.189% → 6.177%). The two "low-points" variants partially reversed Sunday's +12.5bps move: 30-year low-points 6.375% → 6.250% (APR 6.435% → 6.345%), 15-year low-points 5.625% → 5.500% (APR 5.742% → 5.636%). Net across May 10–11, HSFCU's direction is mildly cheaper on every variant we track.
HIFCU: Day 13 of 14 — Verification Window Almost Out
We weren't able to verify HawaiiUSA FCU today. Cloudflare's JavaScript challenge continues to block our automated reads (WebFetch, curl with Chrome/Bingbot/Googlebot UAs, Google cache, Bing site:search — all blocked). HIFCU's last verified 30-year was 5.250%/5.597% APR on April 28, which would still be Hawaii's lowest 30-year if it has held. We're at day 13 of our 14-day staleness window; if we can't verify by tomorrow (May 12), the HIFCU entries will be removed from the site rather than carried forward stale. If you're actively shopping HIFCU, verify directly at hawaiiusafcu.com before relying on those numbers.
Savings, CDs, and HELOCs Unchanged
Every savings, CD, and HELOC rate on our Hawaii board held unchanged between May 10 and May 11. The leaders remain: PHFCU 8-month Certificate at 3.65% APY ($1,000 min, lender-effective February 28, 2026), Bank of Hawaii Bankohana Savings Special at 3.15% APY for 90 days ($25,000 minimum, new money), BOH 6-month Bankohana CD at 3.05% APY ($5,000 min), and FHB 6-month online CD at 3.05% APY ($1,000 min). HELOC: PHFCU's 4.50% intro for 36 months remains Hawaii's lowest, followed by HIFCU at 4.99% (last verified April 28) and HSFCU at 5.25%. FHB's 2-year intro at 5.30% leads the bank set.
What This Means for Hawaii Buyers
Net across the past three business days (May 8 close → May 11 open), Hawaii bank mortgage pricing is roughly flat. BOH at 6.039% APR remains the cheapest bank 30-year; ASB 6.232%, HSFCU 6.177%, FHB 6.30%, CPB 6.325%. The 29bp spread between best and worst bank is consistent with the prior two weeks. The day-to-day moves are the kind of noise that 30-year mortgage shoppers should ignore — what matters is which lender you can actually qualify at, and whether you can pay the points required to get to the headline rate.
Two structural facts worth acting on: (1) HSFCU's 15-year fixed at 5.434% APR is now Hawaii's cheapest 15-year — meaningful if you can support the higher monthly payment. (2) HIFCU's last-verified 5.250%/5.597% APR 30-year would beat every bank by 44bps APR — call HIFCU directly to confirm before counting on it; eligibility is open to most Hawaii residents. See our CU vs bank breakdown.
FAQ
Why did BOH and ASB reverse Sunday's rate cut on May 11?
Hawaii lenders set rate sheets daily, and intra-week reversals like this one typically reflect overnight moves in the 10-year Treasury and mortgage-backed securities (MBS) market. Sunday's −12.5bps cut at BOH and ASB came when MBS prices firmed up briefly; by Monday open, that strength had faded, and both lenders walked the cut back. Net of Friday-to-Monday: BOH 30-year is flat at 5.875%/6.039% APR; ASB 30-year is flat at 6.000%/6.232% APR; the two-day round trip is essentially neutral. For a borrower deciding when to lock, this kind of whipsaw is exactly why we recommend not chasing 12.5bps moves — most are reversed within 48 hours.
What is the best Hawaii 30-year mortgage rate on May 11, 2026?
Among lenders verified directly today, Bank of Hawaii has the lowest 30-year APR at 5.875% rate / 6.039% APR (1.750 points). American Savings Bank's 30-year is 6.000% / 6.232% APR (1.875 points). Hawaii State FCU is at 6.000% / 6.177% APR (1.875 points). First Hawaiian Bank: 6.000% / 6.30% APR (2.125 points). Central Pacific Bank: 6.000% / 6.325% APR (2.000 points). HawaiiUSA FCU's last verified 30-year was 5.250% / 5.597% APR on April 28, which would still be Hawaii's lowest — but Cloudflare blocked our verification today (day 13 of the 14-day window). If we can't verify HIFCU by tomorrow, those entries will be removed from the site rather than carried forward stale.
What does HSFCU's 15-year drop mean for Hawaii buyers?
Hawaii State FCU cut its 15-year fixed −12.5bps from 5.250% to 5.125% (APR 5.541% → 5.434%) on May 11. With 2.000 points, that's now the lowest verified 15-year APR in our Hawaii bank/CU set — beating ASB's 5.125%/5.498% APR and BOH's 5.375%/5.510% APR. For Hawaii buyers planning to pay off a mortgage in 15 years or refinance from a higher 7%+ 2023–2024 rate, HSFCU's 15-year is now mathematically the cheapest option among the lenders we verify daily. Note HSFCU membership requires Hawaii residency or specific employer eligibility — see our credit-union guide for details.
Did savings, CD, or HELOC rates move on May 11?
No. Every savings, CD, and HELOC rate we track held unchanged between May 10 and May 11. The leaders remain: PHFCU 8-month Certificate at 3.65% APY ($1,000 min, lender-effective February 28, 2026), Bank of Hawaii Bankohana Savings Special at 3.15% APY for 90 days ($25,000 minimum, new money), and BOH 6-month Bankohana / FHB 6-month online CD both at 3.05% APY. HELOC: PHFCU's 4.50% intro for 36 months remains Hawaii's lowest, followed by HIFCU at 4.99% (last verified April 28) and HSFCU at 5.25%. ASB's 5.55% / 6.75% variable continues to lead the bank set on post-intro variable rate.
Should Hawaii buyers lock now or wait?
The May 8–11 round trip — banks raised rates, BOH/ASB cut −12.5bps Sunday, then reversed Monday — is consistent with a market chopping in a narrow range around 6.0%/6.2% APR for the 30-year fixed at Hawaii banks. If you've been waiting for sub-6% rates at a major Hawaii bank, you're not getting closer. The two structural advantages on the board right now: (1) credit union eligibility opens HSFCU at 6.177% or HIFCU at 5.597% (last verified) — 12 to 65bps lower than the best bank APR; (2) HSFCU's new 15-year at 5.434% APR is meaningfully cheaper than any 30-year option if your monthly cash flow supports it. For everyone else: don't try to time 12.5bps moves — they reverse. Run your monthly-payment math at today's BOH 5.875% (your realistic floor on a bank 30-year right now) and lock when the underwriting timeline forces the decision.
Get emailed when Hawaii 30-yr fixed rates drop below your target.
Rate data sourced directly from lender websites on May 11, 2026. Rates reflect 30-year fixed conforming purchase with 20% down payment, 720+ FICO, primary residence, 45-day rate lock. APR includes points and fees. Changes shown vs May 10, 2026 close. HawaiiUSA FCU verification was blocked by Cloudflare today (day 13 of 14-day staleness window); HIFCU values shown are last verified April 28, 2026 and will be removed May 13 if not re-verified. Aloha Pacific FCU entries remain removed (last verified April 23, exceeds 14-day floor; alohapacific.com fully bot-blocked). Rates subject to change without notice. Not a lender. Compare all Hawaii mortgage rates →