Here’s a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted Jan. 21, 2009.

Auto Loans

Rates: 6.93 percent (60-month, new car); 7.65 percent (36-month, used car)

Now is a great time to get a car loan if you have a good credit score because auto loan rates keep sliding.

This week almost all loan terms, new and used, are down 3 basis points. The only exception is the 60-month new-car loan rate which is down 2 basis points from last week to 6.93 percent.

Factoring in the 3 basis point move, the 48-month new-car loan rate is now 6.9 percent and the 36-month new-car loan rate is 6.84 percent. A basis point is one-hundredth of a percentage point.

The 36-month used-car loan rate is 7.65 percent and the 48-month used-car loan rate is 7.67 percent.

Tuesday, Reuters reported that auto sales are down across the industry for the second half of January. According to Jim Farley, marketing and sales chief for Ford Motor Co., sales for the month of January are tracking at an annual rate of about 10 million vehicles.

To find updated auto rates in your area, visit Bankrate’s auto rate table.

— Sheyna Steiner