How to apply for a mortgage | What does interest rate mean? | Barclays by Frank P. Blackston The Interest Rate refers to the amount of interest paid or charged on your mortgage. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window) Like this:Like Loading... Related See more Previous article Mortgage Rates Spike Next article Getting Rid of Your Mortgage Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.