(Andrew Harrer/Bloomberg)

Mortgage rates remain stuck in a holding pattern.

For more than a month now, home loan rates have proved stubbornly constant. Long-term bonds are usually the best indicators of whether rates will rise or fall. But despite the yield on the 10-year Treasury fluctuating up and down, mortgage rates have been steady.

Wednesday’s release of the Federal Reserve minutes from last month’s meeting seemed to hint that the central bank could increase its benchmark rate as soon as its next meeting in March. However, most experts are predicting the Fed will hold off until May or June. Whenever the central bank raises short-term interest rates, a brief spike in home loan rates often occurs.

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According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average inched up to 4.16 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.15 percent a week ago and 3.62 percent a year ago. Since jumping 10 basis points — a basis point is 0.01 percentage point — in late January, the 30-year fixed rate has hovered between 4.15 percent and 4.19 percent.

The 15-year fixed-rate average rose to 3.37 percent with an average 0.5 point. It was 3.35 percent a week ago and 2.93 percent a year ago. The five-year adjustable rate average slipped to 3.16 percent with an average 0.4 point. It was 3.18 percent a week ago and 2.79 percent a year ago.

“In a short week following Presidents Day, the 10-year Treasury yield fell about 8 basis points,” Sean Becketti, Freddie Mac chief economist, said in a statement. “However, the 30-year mortgage rate rose 1 basis point to 4.16 percent. This week’s survey once again displays the disconnect between mortgage rates and Treasury yields, a result of continued uncertainty.”

Bankrate.com, which puts out a weekly mortgage rate trend index, found that half the experts it surveyed believe rates will remain relatively stable in the coming week, moving no more than plus or minus two basis points.

Meanwhile, mortgage applications decreased last week, according to the latest data from the Mortgage Bankers Association. The market composite index — a measure of total loan application volume — fell 2 percent. The refinance index slipped 1 percent, while the purchase index dropped 3 percent.

The refinance share of mortgage activity accounted for 46.2 percent of all applications, its lowest level since November 2008.