When the monthly payment on a San Clemente home changes, is it the rate or the price? Splitting the last twelve months into those two pieces answers it with simple arithmetic.
Quarter by quarter
| Month | Average rate | 92672 value | 92672 payment | 92673 value | 92673 payment |
|---|---|---|---|---|---|
| Aug 2025 | 6.59% | $1,626,049 | $8,297 | $1,686,564 | $8,606 |
| Nov 2025 | 6.24% | $1,637,848 | $8,057 | $1,687,849 | $8,303 |
| Feb 2026 | 6.05% | $1,659,317 | $7,999 | $1,706,774 | $8,228 |
| May 2026 | 6.44% | $1,697,586 | $8,533 | $1,718,834 | $8,639 |
| Aug 2026 | 7.03% | $1,747,711 | $9,330 | $1,736,694 | $9,271 |
Rate or price?
For ZIP 92672 the typical payment moved from about $8,297 to $9,330 over twelve months (+12.5%). Holding the price at last year’s level and applying today’s rate would have changed the payment by +$384 (the rate’s share); the rest, +$650, comes from the change in the typical value (+7.5% to $1,747,711). The rate averaged 6.59% a year ago and 7.03% in the latest week.
Go deeper
Weekly numbers for San Clemente are in the market watch; for how the Fed and Treasury yields feed into mortgage rates, see Rudy’s interest-rate series.
Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Rodrigo Ballon with CrossCountry Mortgage, at 858-735-0255. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.
Sources and assumptions
- Mortgage rates: Freddie Mac, weekly national averages (latest Sep 24, 2026).
- Home values and rents: Zillow Home Value Index and Observed Rent Index.
- Property tax and insurance, where shown, are round-number assumptions of about 1.1% and 0.3% of the price a year, not quotes.
More on interest rates
- The Fed's Rate Decisions vs. Mortgage Rates: What Is the Difference? — The Federal Reserve sets one short-term rate. Mortgage rates follow a different set of forces. Here is how the two relate, with the recent decisions.
- Fixed Rate, Adjustable Rate and Buydowns: The Basics — How the main loan structures work, and what a temporary or permanent rate buydown means.
General information, not financial advice.
Related reading
- Mortgage Payment Calculator — See your real monthly payment: principal, interest, taxes, insurance and HOA in one number.
- Buying a Home in San Clemente: What to Know — Live numbers, loan limits and local notes for buyers in San Clemente, plus your next steps.
- San Clemente ZIP 92672 Market Watch: How to Read This Week — ZIP 92672 (San Clemente) market report: typical home value $1.75M in Aug 2026, plus this week’s numbers…
- San Clemente ZIP 92673 Market Watch: How to Read This Week — ZIP 92673 (San Clemente) market report: typical home value $1.74M in Aug 2026, plus this week’s numbers…