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This Wednesday, April 12, 2017, photo shows a home for sale, in Natick, Mass. On Thursday, April 13, 2017, Freddie Mac reported that long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year. (AP Photo/Steven Senne)

Zillow just launched a tool to help first-time homebuyers make smart choices


Trying to buy your first home, but don't know what the hell it is you're doing? It's okay. Many people can relate. 

But online real estate company Zillow is trying to do what it can to help. The company launched a tool on RealEstate.com that will display a home's monthly payment in its search listing, Time reports.

The new feature is designed to help first-time buyers more easily budget, which, according to Zillow's Consumer Housing Trends Report, is a serious concern for them.

"We know from our research that affordability is a huge driver for home buyers, and that first-time buyers are more likely to go over budget," Zillow Group Chief Marketing Officer Jeremy Wacksman said in a statement.

"By tailoring the home search experience on RealEstate.com around a home's monthly cost, we hope to make the home buying experience less daunting and even more transparent for first-time buyers."

Zillow's digital team seems like it's been killing the online game recently. 

However, Zillow may need to work on other parts of its strategy.

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