California Mortgages and Refinancing Loans

Home loans and refinancings are starting to show a little bit of life in California with interest in mortgage and home loan refis starting to raise. mostly this had to do with the fed lowering interest rates and many people starting to look at lower payments with interest rates dipping down to 4.5 % for several hours. California home loans now need home prices to start to rise again. Will this happen? Don't know if it will happen sooner but it will happen!