Today’s Refinance Rates in Hawaii

According to FRED’s economic data, the average mortgage rates in the United States are 4.45% for a 15-year fixed-rate mortgage (FRM), 5.30% for a 30-year FRM and 4.19% for a 5/1 adjustable-rate mortgage (ARM). In comparison, Hawaii’s refinance rates are lower at 4.00%, 4.85% and 3.77%, respectively.

Locking in a good interest rate is critical when refinancing your mortgage. That said, a “good” rate will depend on several factors, including loan term, loan amount, credit score and debt-to-income ratio.

You can get the best deal by shopping around and comparing quotes from different lenders. Once you find a desirable rate, make sure to act fast as mortgage rates change nearly every day.

You can get an estimate of your new monthly mortgage refinance payment by using Hawaii’s refinance rates above in MoneyGeek’s mortgage calculator. Enter your current mortgage information and use the Hawaii rates we provided. Remember that a mortgage company will base your actual rate on numerous factors, like credit score and debt-to-income ratio.

MoneyGeek answered some frequently asked questions below to help you better understand mortgage refinance rates in Hawaii.