Refinancing a VA loan from a 6.045% to a 5.125%. Do I wait for later?

[Samuel Coronado]

Refinancing a VA 30 year home loan from a 6.045% to a 5.125%. Should I wait or should I do it now and not try to time the market?

It would save about $230/month and involves about 5k in closing costs and fees. Recoup time is roughly 22 months. I'll save about $82k as is, but I am wondering if it's worth it to wait or not.