Mortgage rates in Hawaii
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Hawaii has the lowest effective property-tax rate but the highest home prices in the nation. Below is what buying at Hawaii's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Hawaii
The interest rate on a Hawaii mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Hawaii's median $739,500 home with 20% down, the mortgage totals $591,600, or about $3,735 a month in principal and interest.
What makes Hawaii different is the cost around the loan. Its 0.29% effective property-tax rate adds roughly $179 a month, and homeowners insurance about $277 more — bringing the all-in estimate to $4,191. Those local costs, not the interest rate, are what set Hawaii apart. Your own price and down payment will move the number — work backward from your income with the affordability tool.
Getting approved in Hawaii
Federal HMDA lending records show Hawaii lenders originated 19,858 home loans in 2025 and denied 7,829 applications — an approval rate near 71.7% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our HMDA approval analysis, and how Hawaii ranks for complaint records (1,631 on record).
Shopping for a loan? See the most active mortgage lenders in Hawaii, ranked by federal HMDA volume.
Down-payment help in Hawaii
You rarely need 20% down. HHFDC — Hawaii's housing finance agency — runs the state's main assistance program: HHFDC offers below-market financing and down-payment programs for residents. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at HHFDC, see how a smaller down payment changes your number with the down payment planner, or compare every state’s buyer programs.
Hawaii mortgage FAQ
What is the current mortgage rate in Hawaii?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Hawaii loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Hawaii's ~0.29% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Hawaii home?
On Hawaii's median home price of about $739,500 with 20% down at today's 6.49% average 30-year rate, expect roughly $4,191/month — that's $3,735 principal and interest plus about $179 property tax and $277 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Hawaii?
In 2025, Hawaii lenders originated 19,858 home loans and denied 7,829 applications — an approval rate of about 71.7% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.