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So if it went up even a full point, the rate would still be less than just a few years ago.

He said an increase of a full percentage point would have some effect.

Earlier in the day the price had been off a full point, with the yield up to 6.93 percent.

At 57.6% it was a full 21 points over the old standard, which used to be considered impossible.

"It tells you a lot when the market comes down over a full point off its high for the day," he said.

But if the adjustment is difficult, the cost could be a full point or more, he said.

By that figure, rates are up a full percentage point over the last year or so.

The current level, however, is still nearly a full percentage point below what it was, 8.14 percent, at the start of 1993.

That is more than a full percentage point below the national average.

The price of the 30-year bond was up almost a full point on Monday.