Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Note Rate Note Rate November 9, 2021 The interest rate stated on a mortgage note. Also called nominal rate or face interest rate.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas