Charting the Rapid Rise in Mortgage Rates. 4.75% Still Best Execution

The term "execution of a mortgage" simply refers to signing the document at what’s commonly referred to as the "closing" of the sale. Given that a mortgage is usually part of a lengthy and complicated package of legal documents relating to a home loan, the execution process frequently involves more than a simple signature.

With today's mortgage rates so attractive, it might be possible to refinance your. mortgage (HELOC or home equity loan) or execute a cash-out refinance.. If mortgage rates aren't favorable but you still need cash, it'd probably be best to leave. are looking for quick cash out usually do not have 25% equity in their homes.