"Read more" option on blog post on home page does not work

Good afternoon,

The "read more" option that appears on the masonry-style post preview on home page only refreshes the home page itself, without actually taking to the full post.

Why is this?

Also, please explain why despite choosing full width page on my home page, everything except the header is boxed in a 960px frame anyway. 

Thank you,
Stasha
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