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Honolulu

Current Mortgage Rates in Honolulu, Hawaii

Compare mortgage rates and fees for leading lenders in Honolulu, HI. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Honolulu.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Honolulu. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Honolulu, HI as of October 23, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Honolulu, HI Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Honolulu is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Honolulu, HI Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Honolulu, Hawaii?

The median home value for Honolulu, HI is $733,256

The median household income for Honolulu, HI is $82,526

Based on current mortgage rates and a 10% down payment, you need to make $136,042 per year to buy the median priced home in Honolulu

The home price you can afford to buy based on household income in Honolulu is 61% of the median home value which means housing prices are very expensive

Honolulu ranks 3 out of 5 counties in Hawaii and 3,122 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Honolulu, HI is very expensive

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Loan Limits for Honolulu, Hawaii

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Honolulu below.

Conforming loan limits for Honolulu, HI

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for Honolulu, HI

1 unit: $721,050
2 units: $923,050
3 units: $1,115,800
4 units: $1,386,650

VA loan limits for Honolulu, HI

1 unit: $726,525

Additional Mortgage Resources for Honolulu, HI Residents

Mortgage Rates for Hawaii Cities

Honolulu Mortgage Rates

Kauai Mortgage Rates

Maui Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index