Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market.

The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.

The MCAI on conventional loans increased 4.8%, while MCAI on government loans increased by 0.1%. Of the two component indices of the conventional MCAI, the jumbo MCAI increased by 6.9%, details ⇒

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