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 | 7.40% | $1,747,711 | $9,681 | $1,736,694 | $9,620 |
Rate or price?
For ZIP 92672 the typical payment moved from about $8,297 to $9,681 over twelve months (+16.7%). Holding the price at last year’s level and applying today’s rate would have changed the payment by +$710 (the rate’s share); the rest, +$674, comes from the change in the typical value (+7.5% to $1,747,711). The rate averaged 6.59% a year ago and 7.40% 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, Point Mortgage Corporation (NMLS #231073), at (619) 475-4095. 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 Oct 8, 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.
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