Actually, when you look at the total situation it's even more amazing the great job she did shoppin around and timing things relative to the changes in jumbo policies:

$340K @ 5.5 fixed for 30 (for construction, new house)

$346K @ 5.75 fixed for 30 (left on land/existinghouse)

$750K @ 5.5 fixed for 3 (for construction, new house)

Be interesting to see what happens with the last chunk in three years - I've noticed that banks are eager for folks with 740+ ratings and will cut themj remarkable deals for their business.

But then again, isn't this fact just a different version of the rich getting rickher while the poor get poorer ....