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" House lock " is not a major factor when it comes to a homeowner's ability to find a job. A working paper commissioned by the Federal Reserve Bank of Boston found that, while many Americans lack mobility because their homes are "underwater" in respect to their mortgages, this is only a marginal contributing factor to continued unemployment. Migration across states and among homeowners has fallen sharply at the same time as a widespread drop in housing prices has resulted in wide-spread negative home equity. According to CoreLogic, 10.7 million homes, 22.1 percent of all residential properties with a mortgage, were worth less than their mortgages at the end of the third quarter of 2011 and an additional 2.4 million borrowers had less than 5 percent equity. The nation's unemployment rate has...()