Most if not all the world, domestic users are not penalized by low power factors.
The utility companies charge you by the Kilo-watt-hour.......Real, not reactive energy.
Having said that, I do like to correct the power factor of larger motor loads a little. Why? Because as you noticed, it lowers the overall current (which is a vector sum of real and reactive currents), and therefore voltage drop in the wiring is reduced.
Don't over do it, though. The difference in current between a PF = 0.95 and PF = 1.0 is very low. The law of diminishing returns applies.
In my opinion, once that you have reached PF = 0.9, it is the best return on the investment.
But as someone mentioned, if you are going to correct power factor, do it right at the load.