Hello @sherry_kull ...
I *think* you may be adding an unnecessary step to your process. Let's see if we can simplify things for you in the New RCE. In my own sandbox course, I tested this out, and it works as expected. I had a page with a link to the Yahoo.com website. When I edited the page in the New RCE, I left-clicked on the link, and I got a little pop-up menu:

Instead of clicking on "Remove Link", I can click on "Link Options", and then a slide-out menu appears on the right side of my screen. It allows me to change the link to whatever I want, and then I click on "Done".
Alternatively, if you don't select "Link Options", you can highlight the entire link and then press Ctrl + K on your keyboard. This will bring up an "Insert Link" window where you can change the link to whatever you want.
I hope this will be of some help to you. Please let Community members know if you have any other questions about this...thanks! Take care...be well.
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