Hawaii Banks Raise Mortgage Rates Across the Board — May 17, 2026
Published May 17, 2026 · Verified against 6 Hawaii lenders
Today's 30-Year Fixed Rate Snapshot
| Lender | Rate | APR | Points | vs May 13 |
|---|---|---|---|---|
| BOH | 6.125% | 6.280% | 1.625 | +12.7bps |
| HSFCU | 6.125% | 6.304% | 1.875 | — |
| ASB | 6.250% | 6.487% | 1.875 | +21.8bps |
| FHB | 6.250% | 6.550% | 2.125 | +13.0bps |
| CPB | 6.250% | 6.582% | 2.000 | +14.1bps |
Sorted by APR (lowest first). 30-year fixed conforming purchase, 20% down, primary residence. Rates as of May 17, 2026. Changes vs May 13, 2026 (last verified baseline). HawaiiUSA FCU and Aloha Pacific FCU entries remain removed — see below.
A Broad Upward Move — Led by American Savings Bank
Every Hawaii bank we verify raised its fixed mortgage rates between May 13 and today. The moves were not uniform in size. American Savings Bank was the most aggressive: its 30-year conforming fixed jumped a full +25bps, from 6.000% to 6.250%, with points trimmed 2.250 → 1.875, taking APR 6.269% → 6.487%. ASB's 30-year jumbo moved the same +25bps, and its 7/6 ARM also jumped +25bps.
First Hawaiian Bank, Bank of Hawaii, and Central Pacific Bank each took a more measured +12.5bps step on the 30-year. FHB moved 6.125% → 6.250% (APR 6.42% → 6.55%). BOH moved 6.000% → 6.125% (APR 6.153% → 6.280%) and raised all three of its ARM products +12.5bps as well. CPB moved 6.125% → 6.250% (APR 6.441% → 6.582%) with points nudged 1.875 → 2.000.
Hawaii State FCU was the lone holdout on the 30-year, keeping its headline conforming rate flat at 6.125% / 6.304% APR. But HSFCU did raise its 15-year fixed +25bps (5.250% → 5.500%) and its low-points 15-year +25bps as well — so the credit union is not immune to the broader trend, it simply concentrated the move on its 15-year book.
Bank of Hawaii Discontinues Its 20-Year Jumbo
One structural change today: Bank of Hawaii's 20-year jumbo fixed product is no longer listed on its published mortgage rate page. We removed the entry rather than carry a rate we can no longer verify against a primary source. BOH still publishes a 30-year jumbo (6.375% / 6.471% APR, 1.000 points) and a 15-year jumbo (5.500% / 5.714% APR, 1.375 points), along with jumbo ARM options. If you specifically need a 20-year jumbo term, contact Bank of Hawaii directly to confirm whether it remains available off-menu.
Removing a discontinued product is the same discipline behind our HawaiiUSA FCU and Aloha Pacific FCU removals — we do not display a number we cannot stand behind. HIFCU (last verified April 28) and APFCU (last verified April 23) both remain removed, as their websites continue to block automated verification.
Deposits Steady; BOH Trims a HELOC Intro and a Savings Tier
Deposit rates were nearly flat. Bank of Hawaii made two small downward moves: its 24-month HELOC introductory rate dropped from 5.40% to 5.30% APR (the 60-month intro held at 5.65%), and the variable APY on its $100,000+ Bankohana Bonus Rate Savings tier slipped from 2.10% to 2.05%. Everything else held: PHFCU's 8-month Certificate at 3.65% APY ($1,000 min) is still Hawaii's top CD, BOH's 90-day Bankohana Savings Special stays at 3.15% APY ($25,000 new money), and FHB's 6-month online CD holds at 3.05% APY.
On home equity, PHFCU's 4.50% intro for 36 months remains the lowest HELOC rate in the state. ASB's 5.55% intro / 6.75% variable and HSFCU's 5.25% intro / 6.50% variable round out the value end of the board.
What This Means for Hawaii Buyers
The early-May calm is over. With every bank repricing higher, there is no longer a sub-6.125% 30-year on the board. The cheapest verified 30-year APRs today are BOH 6.280%, HSFCU 6.304%, ASB 6.487%, FHB 6.55%, and CPB 6.582%. BOH and HSFCU are now within 2.4bps of each other at the top — and HSFCU's open-eligibility membership means most Hawaii residents can access it without jumbo or relationship restrictions.
The bigger opportunity is the 15-year. Bank of Hawaii's 15-year fixed at 5.655% APR is the single cheapest mortgage on our board — roughly 62bps below the best 30-year. If your budget can carry the larger payment, the lifetime interest savings are substantial. See our CU vs bank breakdown.
FAQ
What is the best Hawaii 30-year mortgage rate on May 17, 2026?
Bank of Hawaii has the lowest 30-year APR at 6.125% rate / 6.280% APR (1.625 points). Hawaii State FCU is next at 6.125% / 6.304% APR (1.875 points). American Savings Bank: 6.250% / 6.487% APR (1.875 points). First Hawaiian Bank: 6.250% / 6.55% APR (2.125 points). Central Pacific Bank: 6.250% / 6.582% APR (2.000 points). Every bank raised fixed rates since May 13; the spread between best and worst 30-year APR is now about 30bps.
Why did all four Hawaii banks raise mortgage rates?
Hawaii lenders price their conforming mortgages off national mortgage-backed-securities yields, which drifted higher over the May 13–17 window. The result was a broad upward move: First Hawaiian, Bank of Hawaii, and Central Pacific each lifted the 30-year about +12.5bps, while American Savings Bank moved +25bps. This is a market-driven repricing, not a Hawaii-specific event — but because all four banks moved the same direction, there is no longer a bank offering a sub-6.125% 30-year rate.
What happened to Bank of Hawaii's 20-year jumbo loan?
Bank of Hawaii's 20-year jumbo fixed product is no longer listed on its published mortgage rate page as of May 17, 2026. BOH still offers a 30-year jumbo (6.375% / 6.471% APR) and a 15-year jumbo (5.500% / 5.714% APR), plus jumbo ARM options. We removed the 20-year jumbo entry rather than carry an unverifiable rate forward. If you specifically need a 20-year jumbo term, contact Bank of Hawaii directly to confirm current availability.
Did savings, CD, or HELOC rates move on May 17?
Mostly no. Bank of Hawaii trimmed its 24-month HELOC intro rate from 5.40% to 5.30% APR, and lowered the variable APY on its $100,000+ Bankohana Bonus Rate Savings tier from 2.10% to 2.05%. Everything else held: PHFCU's 8-month Certificate at 3.65% APY remains Hawaii's top CD, BOH's 90-day Bankohana Savings Special stays at 3.15% APY, and PHFCU's 4.50% intro HELOC is still the lowest in the state.
Should Hawaii buyers lock now or wait?
After a flat stretch in early May, this week's broad move pushed every Hawaii bank's 30-year above 6.125%. There is no sign of an imminent reversal, so waiting carries real cost if rates keep drifting up. If you are shopping a 30-year, Bank of Hawaii at 6.280% APR is the cheapest verified bank rate today, and Hawaii State FCU at 6.304% is a close second with no jumbo restrictions. If you can support the payment, the 15-year fixed is meaningfully cheaper — Bank of Hawaii's 15-year at 5.655% APR is the lowest-cost mortgage on our entire board.
Get emailed when Hawaii 30-yr fixed rates drop below your target.
Rate data sourced directly from lender websites and disclosure PDFs on May 17, 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 13, 2026 (last verified baseline). Bank of Hawaii's 20-year jumbo entry removed today — product no longer listed on the lender's rate page. HawaiiUSA FCU entries remain removed (last verified April 28; site Cloudflare-blocked). Aloha Pacific FCU entries remain removed (last verified April 23; site bot-blocked). Rates subject to change without notice. Not a lender. Compare all Hawaii mortgage rates →