Mortgage Rates in Hawaii: Today's Averages & 2026 Outlook
Hawaii 30-year fixed rates are running around 6.97% — roughly 12 bps above the national average of 6.85%. Here's how HI rates stack up, what drives the spread, and the programs that can price you lower.
Today's Hawaii rates by loan type
Estimates for Hawaii based on the current national 30-year average of 6.85% plus the state's typical spread (+12 bps). Live national rate sourced daily from Freddie Mac PMMS via our rate feed. Your actual quote will depend on your credit, down payment, and lender.
What drives Hawaii mortgage rates
National rates set the floor — Freddie Mac's weekly PMMS average is the benchmark almost every Hawaii lender starts from. But HI typically prices about 12 basis points above that national average because of three local dynamics: the mix of loan types written in the state, lender density and competition, and how expensive the state is to close in.
Loan mix. Jumbo dominant given median prices; VA share elevated on Oahu. The mix matters because FHA, VA, and USDA loans price differently than conventional — states with heavier government-loan share tend to show tighter buyer rates but higher fees.
Median loan size. The typical Hawaii loan is around $700,000 on a $845,000 home. That size sits at or above the conforming loan limit in higher-cost counties, where jumbo pricing kicks in.
Refi activity. Refi share is small — few homeowners are meaningfully in the money at 2026 rates.
What a typical Hawaii payment looks like
| Line item | Estimate |
|---|---|
| Median home price | $845,000 |
| Median loan amount (typical LTV) | $700,000 |
| 30-yr rate (state avg) | 6.97% |
| Monthly principal & interest | $4,643 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$6,036 |
Directional math for Hawaii in 2026. Add property taxes, homeowners insurance, PMI (if putting less than 20% down), and any HOA dues for a full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
What's unique about financing in Hawaii
What most HI borrowers use
Jumbo dominant given median prices; VA share elevated on Oahu.
Below-market HI rate options
HHFDC's Mortgage Credit Certificate turns 20% of interest into an annual tax credit.
Is a refi worth it in HI?
Refi share is small — few homeowners are meaningfully in the money at 2026 rates.
Rate + grants + closing costs
A below-market rate is only one lever. Stack it with HI down-payment assistance and seller-paid closing costs. See HI grants → · HI closing costs →
Get matched with a Hawaii lender — free
We'll match you with vetted HI lenders competing for your loan. Compare real Loan Estimates side-by-side — the same Hawaii buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
Hawaii mortgage rates: FAQ
What is today's mortgage rate in Hawaii?▾
The average 30-year fixed mortgage rate in Hawaii is around 6.97% — roughly 12 bps above the current national average of 6.85%. 15-year fixed loans run about 6.22%, FHA around 6.72%, and VA around 6.62%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do Hawaii mortgage rates compare to the national average?▾
Hawaii rates typically sit slightly above (about 12 bps higher than) the US 30-year average. The spread reflects local lender competition, loan mix (jumbo dominant given median prices; va share elevated on oahu.), and state-level closing-cost dynamics.
What monthly payment can I expect on a Hawaii home?▾
On the median Hawaii loan of $700,000 at 6.97% for 30 years, principal and interest run about $4,643/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues. Add roughly 25–35% to that P&I number to estimate a full PITI payment.
Are there special first-time homebuyer rate programs in Hawaii?▾
Yes. HHFDC's Mortgage Credit Certificate turns 20% of interest into an annual tax credit. These state-agency programs typically pair a below-market rate with down payment assistance — worth comparing against a standard conventional loan before locking.
Should I refinance my Hawaii mortgage right now?▾
Refi share is small — few homeowners are meaningfully in the money at 2026 rates. The break-even math: divide your total refi closing costs by your monthly payment savings — if you'll stay in the home longer than the payback period, refinancing pays off. Our free Refi Optimizer runs the numbers for you.