It depends on what you want.
You can install Wordpress in a subdirectory, then edit your .htaccess file to point your domain to your subdirectory. I haven't done this before, so I'm guessing.
You can also install Wordpress in your home directory, as you have done.
Since Wordpress is meant for blogs, the home page is, by default, meant to show the posts. If you would like a more static appearance, then you will need to modify the index.php file that is include with your theme. The index.php file is the homepage to your Wordpress site.
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