Question 1

What are current mortgage rates in Hawaii?

Accepted Answer

As of March 2026, mortgage rates in Hawaii are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Hawaii housing market like?

Accepted Answer

Hawaii has the highest median home prices of any US state, driven by extreme land scarcity, desirability, and construction costs. Oahu's Honolulu metro is the primary market. Maui, the Big Island, and Kauai command premium prices for vacation and investment properties. First-time buyers face exceptional barriers to entry, and many residents rent long-term. VA loans are widely used by the large military population.

Question 3

How do I get the best mortgage rate in Hawaii?

Accepted Answer

To get the best mortgage rate in Hawaii, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Hawaii Today

Current Rate Ranges in Hawaii

Hawaii Housing Market Overview