Is the covenant in Jeremiah 31 the final covenant God will give to Israel?
Yes, the covenant in Jeremiah 31 is described as pretty much the final covenant God gives to the nation of Israel. It remains as yet future, not appropriate to apply to Israel tonight, but Israel will one day enjoy it when God picks up where He left off.
Les explains that the Jeremiah 31 covenant is pretty much the final covenant God gives to the nation of Israel, and it is still future. Israel is still God's covenant people, but right now they have been set aside and are spiritually blinded for the most part as a nation. God is not through with them; He is yet going to pick up where He left off. It is not appropriate to put Israel under this covenant promise tonight, but they will one day enjoy it. The context also affirms that His mercy shall not depart away from Him.