Is Refinancing through HARP a good option for me?I currently have a 5/1 ARM. We are at an adjustable rate now but due to low rates were are at 3.125%. We qualify for HARP and I have started the process. Our LTV ratio is %143. IF we get a fixed 30 year rate of 4% or payments will slightly go up but we will be locked in. With taking closing costs in to account. Is this something that makes sense to do and is 4% a current good rate considering we have good to great credit (above 720) We have 12 months of current mortgage in savings, and we are current on all payments and debt free? October 30 2012 - Oceanside0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.