Los Angeles — Current mortgage rates heavily favor the real estate buyer. As experts do not expect the windfall to last, home buyers are urged to make their buying decisions now. Actress Kate Walsh’s home selling plight underscores the problem with this call for action.

American Mortgage Rates Benefit From European Fiscal Implosion

As the European Union scrambles to absorb Greece’s insolvency and Germany as well as France make ill-advised power plays within the fragile collective, American mortgage rates are benefiting.

Investors are eyeing Europe with wariness and rather than risking sizable investment losses in potentially insolvent – or plain unprofitable – cash losers, the United States is capitalizing on its historically proven ability to come out ahead. As a result, the Wall Street Journal reports that mortgage rates are hitting 50-year lows.

While Americans wondered how much lower the Federal Reserve rate cuts were able to go, housing industry insiders were got ready to deal with increases in home mortgage rates. Today there is a complete reversal of the Cassandra-like utterings that have been part and parcel of recent mortgage news, and in fact current mortgage rates are slated to drop even lower to about 4.5 percent in the summer. This is a far cry from the forecast six percent of just a few short weeks ago.

Actress Kate Walsh Underscores the Effect Current Mortgage Rates Have on L.A.

Housing Watch explains that ‘Private Practice‘ actress Kate Walsh has listed her Los Feliz home for $4.295 million. She bought this very same abode in 2007 for about $4.75 million. The actress is willing to take a $455,000 loss on the sale of her home – if she can find someone to qualify for a home loan.