The lower hose should be just warm. It's the upper one and the heater hoses that should be too hot to hold onto for very long. If they are not, suspect the thermostat.
If you're not losing coolant, the water in the exhaust is one of the byproducts of a properly functioning catalytic converter. Mufflers often have a tiny drain hole on the bottom in the rear for that water to run out.
Thursday, January 2nd, 2014 AT 9:05 PM