Rate Alert: Five Hawaii Lenders Cut Mortgage Rates on March 25, 2026
In the broadest single-day rate move tracked on 808rates.com since late February, five of eight monitored Hawaii lenders cut mortgage rates today. First Hawaiian Bank and Bank of Hawaii each dropped all products approximately 12.5 basis points. Hawaii State FCU, HawaiiUSA FCU, and Central Pacific Bank also trimmed their 15-year fixed rates. American Savings Bank made minor APR and points adjustments.
Today's Rate Changes (March 25, 2026)
| Lender | Product | Old Rate | New Rate | Change | New APR |
|---|---|---|---|---|---|
| FHB | 30-Year Fixed | 6.125% | 6.000% | −12.5 bps | 6.31% |
| FHB | 15-Year Fixed | 5.375% | 5.375% | APR improved | 5.84% |
| BOH | 30-Year Fixed | 6.000% | 5.875% | −12.5 bps | 6.063% |
| BOH | 15-Year Fixed | 5.625% | 5.500% | −12.5 bps | 5.636% |
| CPB | 15-Year Fixed | 5.375% | 5.250% | −12.5 bps | 5.793% |
| HSFCU | 30-Year Fixed | 5.875% | 5.875% | Points ↓ | 6.027% |
| HSFCU | 15-Year Fixed | 5.250% | 5.125% | −12.5 bps | 5.434% |
| HIFCU | 15-Year Fixed | 4.375% | 4.250% | −12.5 bps | 4.848% |
| HIFCU | 30-Year Fixed | 5.375% | 5.375% | Points ↓ | 5.701% |
| ASB | 30-Year Fixed | 6.000% | 6.000% | Minor adj. | 6.269% |
Rates as of March 25, 2026. APFCU and PHFCU not updated today. All rates based on 80% LTV, owner-occupant purchase.
What Does This Mean for Your Payment?
On an $800,000 loan — roughly median for a Honolulu single-family home — a 12.5 basis point drop saves about $60–65/month on a 30-year fixed, or roughly $21,600 over the life of the loan.
| Scenario | Rate | P&I / mo | vs. Yesterday |
|---|---|---|---|
| FHB 30yr (yesterday) | 6.125% | $4,861 | — |
| FHB 30yr (today) | 6.000% | $4,796 | −$64/mo |
| BOH 30yr (yesterday) | 6.000% | $4,796 | — |
| BOH 30yr (today) | 5.875% | $4,732 | −$64/mo |
| HIFCU 15yr (yesterday) | 4.375% | $6,069 | — |
| HIFCU 15yr (today) | 4.250% | $6,018 | −$51/mo |
Based on $800,000 loan, principal & interest only. Does not include taxes, insurance, or HOA.
Why Did So Many Lenders Move Together?
When five lenders reprice on the same day, it's almost always driven by movement in the secondary mortgage market — specifically MBS (mortgage-backed securities) pricing and the 10-year Treasury yield. Lenders adjust their rate sheets in response to these market signals, which is why you see coordinated moves across banks and credit unions simultaneously.
Today's broad-based cuts partially reverse the increases seen on March 20 and March 24, when FHB and BOH raised rates. The market continues to show high day-to-day volatility as traders respond to macroeconomic signals around inflation and Fed policy.
Context: Over the past 8 trading days, Hawaii's 30-year bank rates have moved in a tight band between 5.875% and 6.125%. Credit unions have remained more stable, with HawaiiUSA FCU consistently offering the best 30-year APR among all tracked lenders.
Best Hawaii Mortgage Rates Today (March 25, 2026)
30-Year Fixed — Ranked by APR
| Lender | Rate | APR | Points | Est. P&I ($800K) |
|---|---|---|---|---|
| HawaiiUSA FCU#1 Best APR | 5.250% | 5.597% | 2.250 | $4,418 |
| Bank of Hawaii | 5.500% | 5.967% | 1.750 | $4,542 |
| Bank of Hawaii | 5.375% | 6.030% | 1.750 | $4,480 |
| Bank of Hawaii | 5.875% | 6.039% | 1.750 | $4,732 |
| First Hawaiian | 5.500% | 6.070% | 1.875 | $4,542 |
| American Savings | 5.375% | 6.081% | 1.750 | $4,480 |
| Bank of Hawaii | 5.250% | 6.092% | 1.750 | $4,418 |
| American Savings | 5.625% | 6.123% | 2.000 | $4,605 |
| Hawaii State FCU | 6.000% | 6.189% | 2.000 | $4,796 |
| First Hawaiian | 5.250% | 6.200% | 1.875 | $4,418 |
| American Savings | 6.000% | 6.232% | 1.875 | $4,796 |
| First Hawaiian | 5.375% | 6.250% | 1.875 | $4,480 |
| First Hawaiian | 6.000% | 6.310% | 2.250 | $4,796 |
| Central Pacific | 6.000% | 6.313% | 1.875 | $4,796 |
| First Hawaiian | 5.125% | 6.320% | 1.875 | $4,356 |
| Hawaii State FCU | 6.250% | 6.345% | 1.000 | $4,926 |
15-Year Fixed — Ranked by APR
| Lender | Rate | APR | Points | Est. P&I ($800K) |
|---|---|---|---|---|
| HawaiiUSA FCU#1 Best APR | 4.000% | 4.754% | 2.125 | $5,918 |
| Bank of Hawaii | 5.375% | 5.510% | 0.875 | $6,484 |
| American Savings | 5.125% | 5.518% | 2.000 | $6,379 |
| Hawaii State FCU | 5.250% | 5.521% | 1.750 | $6,431 |
| Hawaii State FCU | 5.500% | 5.655% | 1.000 | $6,537 |
| Central Pacific | 5.125% | 5.685% | 2.250 | $6,379 |
| First Hawaiian | 5.250% | 5.750% | 2.250 | $6,431 |
Rates sorted by APR per RESPA guidelines. Not influenced by advertising or referral fees.
Frequently Asked Questions
Did First Hawaiian Bank lower mortgage rates on March 25, 2026?▾
Yes. First Hawaiian Bank cut its 30-year fixed rate by 12.5 basis points on March 25, 2026 — from 6.125% to 6.000% (6.31% APR, 2.250 points). The 15-year fixed APR also improved, dropping from 5.90% to 5.84% with points reduced from 2.375 to 2.000.
Did Bank of Hawaii lower mortgage rates on March 25, 2026?▾
Yes. Bank of Hawaii cut all mortgage products by approximately 12.5 basis points on March 25, 2026. The 30-year fixed dropped from 6.000% to 5.875% (6.063% APR). The 15-year fixed dropped from 5.625% to 5.500% (5.636% APR). All jumbo and ARM products also decreased.
What are the best Hawaii mortgage rates on March 25, 2026?▾
As of March 25, 2026, HawaiiUSA FCU leads with a 30-year fixed at 5.375%/5.701% APR (2.000 points). Hawaii State FCU offers 5.875%/6.027% APR (1.625 points). Among banks, Bank of Hawaii is best at 5.875%/6.063% APR (2.000 points). For 15-year, HawaiiUSA FCU now leads at 4.250%/4.848% APR after cutting 12.5bps today.
Why did so many Hawaii lenders cut rates on the same day?▾
Broad single-day moves across multiple lenders typically reflect a shift in the secondary mortgage market — usually driven by Treasury yield movements or MBS (mortgage-backed securities) pricing. When the 10-year Treasury drops, lenders reprice their rate sheets simultaneously, which is why you see coordinated moves across FHB, BOH, and credit unions on the same day.
Did HSFCU lower rates on March 25, 2026?▾
Yes. Hawaii State FCU cut its 15-year fixed rate by 12.5 basis points to 5.125% (5.434% APR, 2.000 points) on March 25, 2026. The 30-year fixed rate held at 5.875% but points improved from 2.000 to 1.625 (APR improved to 6.027%). The no-points 30-year option also saw point reduction from 1.000 to 0.625.
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