This Article was written by By Jennifer Riner/Trulia and published via Culture Map. Saving for homeownership is no easy feat, but the financial benefits typically outweigh the initial cutbacks. With today’s high rental costs and low interest rates, prospective buyers might consider exercising their savings funds sooner rather than later. According to a new study from Trulia, buying a home is currently 37.7 percent cheaper than renting from a national perspective. Over the past year, the national average interest rate dropped from 3.9 to 3.7 percent. And despite the fact that current low interest rates are likely to rise toward the end of the year, not every renter is rushing to gather a down payment. The chief deterrent is rising home prices, which grew 5.9 percent over the last year compared to a softer 3.5 percent jump in rent prices. Although prices dissuade many would-be buyers, purchasing a home offers the “best deal” seen since 2012. In each of the top 100 metros, buy