Mortgage rates to 6.375% or more

Hawaii home loan costs are on the move upward again, with 6.375 percent now the prevailing rate and one major lender higher than that.

Bank of Hawaii, American Savings Bank, Countrywide Home Loans and Wells Fargo are all at 6.375 percent for a regular 30-year fixed-rate mortgage. All hiked rates an eighth of a percent to join Finance Factors at this level.

First Hawaiian Bank and Hawaii National Bank, which had been at that rate last week, have hiked their rates an eighth to 6.5 percent.

For 15-year mortgages, chosen by buyers who want to build equity faster, Territorial hiked to 5.75 percent and American Savings Bank held at 5.875 percent.

Mortgage Rates hit 4yr high

By Holden Lewis • Bankrate.com

Long-term mortgage rates climbed strongly this week to their highest level in more than four years.

The benchmark 30-year fixed-rate mortgage rose 12 basis points to 6.83 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.33 discount and origination points. One year ago, the mortgage index was 5.66 percent; four weeks ago, it was 6.69 percent.

The 15-year fixed-rate mortgage rose 9 basis points to 6.45 percent. The 5/1 adjustable-rate mortgage skyrocketed 18 basis points to 6.49 percent.

The benchmark 30-year fixed hasn't been this high since May 16, 2002, when it stood at 6.91 percent.