Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Interest Accrual Rate Interest Accrual Rate November 9, 2021 The rate at which interest accrues on a mortgage. Usually, it is also the rate used to calculate the monthly payments.You Might Also Like: Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work?
