HARP Refinance Loan! is it worth or no?

I owed 400k right now but the house worth 344K. My lender Wells Fargo advised me to refinance to lower my interest rate 6,75% and monthly mortgage by using HARP. So, I asked him then the loan will be $344K with the new interest loan. Of course he said no. It will be 400K with lower interest rate than 6.75%. So... show more I owed 400k right now but the house worth 344K. My lender Wells Fargo advised me to refinance to lower my interest rate 6,75% and monthly mortgage by using HARP. So, I asked him then the loan will be $344K with the new interest loan. Of course he said no. It will be 400K with lower interest rate than 6.75%. So do you think is it worth or not to do it? please let me know. thank you for your cooperation.
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