Sitting on Cash, pay off Mortgage?

[Thomas Grove]

Right now I have some cash sitting in savings.  I had plans to invest it, crazy to think just last week I was putting in out of state offers, but I personally won't be doing any investing the next couple months amidst the uncertainty of covid19.  I have 134K owed on my house.  My thoughts are pay it off then do a heloc or REFI when I'm ready to deal hunt again.  This would also help diversify my portfolio by not having too much cash sitting in a bank account, I do have concerns of a weakening dollar and inflation with this stimulus that is about to roll out.

Thoughts?