Smart move. But possibly you bought the right mic (on sale for $43 - I should get another one) by mistake. Everybody is buying the UMM that is a USB-powered electret. But smarter to get the EMM (which requires a power supply called "phantom") and a DAC (cheap or just use your sound card)... and all REW users should buy a cheap floor-standing mic stand (very cheap).
Later edit: You have a phantom power source, I have subsequently learned. But for others with the EMM, what you need is a power source. Best move (ahem, ahem) is a mic mixer that has it, as do millions of some Behringer models now being sold second-hand by frustrated amateur DJs. In a big city, lots for sale in Craigs List, and of course, eBay.
The better way lets you know and to control upstream the signal the mic-system is sending to the laptop. And a variety of other tricks too.
BTW, ignore the REW queries about calibration. Getting correctly calibrated only matters for a few parameters and your ears will tell you if your speaker loudness is in the ball-park for your purposes.
B.