"Behold, the days are coming," says the LORD, "when I will make a new covenant with the house of Israel . . . I will put My law in their minds, and write it on their hearts; and I will be their God, and they shall be My people . . . they all shall know Me, from the least of them to the greatest of them," says the LORD. "For I will forgive their iniquity, and their sin I will remember no more." Jeremiah 31:31,33-34
Long ago God promised a new covenant of grace for His people Israel. "I will make a new covenant with the house of Israel." Some day the Israelites will turn to Messiah as a group and enter into this promised covenant of grace. "And so all Israel will be saved, as it is written: "The Deliverer will come out of Zion, and He will turn away ungodliness from Jacob; For this is My covenant with them, when I take away their sins" (Rom 11:26-27). This will take place when the Lord Jesus returns to this earth. "And I will pour on the house of David and on the inhabitants of Jerusalem the Spirit of grace and supplication; then they will look on Me whom they have pierced; they will mourn for Him as one mourns for his only son, and grieve for Him as one grieves for a firstborn" (Zechariah 12:10).
Meanwhile, the church of the Lord Jesus, comprised of all Jewish and Gentile believers in Christ, already has the new covenant instituted for her. "This cup is the new covenant in My blood" (Luke 22:20).
Note the astounding three-fold provisions this new covenant offers by faith to all believers today. First, there is the forgiveness of sins. "For I will forgive their iniquity, and their sin I will remember no more." Second, there is the opportunity to have an intimate relationship with God. "They all shall know Me, from the least of them to the greatest of them." Third, there is the internal working of the Lord God Almighty enabling and changing people's lives from the inner core of their being. "I will put My law in their minds, and write it on their hearts."
Almighty God, the provisions of Your new covenant of grace are staggering in their richness! Forgiveness of sins by You, intimacy with You, and inner transformation from You—all of this is mine through faith in Your Son, my Savior. O Lord, what bountiful grace You make available to us in Christ! I fully and desperately need all three of these wondrous workings that You alone can provide. I praise You for the gift of forgiveness of sins. I seek You for increased intimacy with You. I look to You to be shaping my life according to Your will, from the inside out, all through the grace of my Lord Jesus Christ, Amen.