I feel like this question is coming a little late after the summer rush of refi’s, but I keep seeing refinance rates at or below 2.5%. Are people actually refinancing at these rates, and if so, what are they typically paying in closing costs? I’m at 3.75% currently and have about $200,000 still owing on my mortgage. I’m only about 5 years into a 30 year loan. Like everyone else, I’d love to drop my monthly payment, but I don’t think I want to spend a ton of money to make that happen. I don’t want my break even date to be 10 years down the road. What are people seeing out there?

Company?
Interest rate?
Out of pocket costs?
Term?