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For if that first covenant had been faultless, then should no place have been sought for the second.
For finding fault with them, he saith, Behold, the days come, saith the Lord, when I will make a new covenant with the house of Israel and with the house of Judah:
In that he saith, A new covenant, he hath made the first old. Now that which decayeth and waxeth old is ready to vanish away.

New Defender's Study Bible Notes

8:6 mediator. With reference to Christ’s function as “mediator” of the new covenant, see also Hebrews 9:15; 12:24. As mediator between men and God, He has revealed and implemented the new covenant.


8:8 new covenant. Hebrews 8:8-12 constitute a quotation from Jeremiah 31:31-34. Note that this “new covenant” is specifically affirmed, both by Jeremiah and here in the book of Hebrews, to be with Israel and Judah, not with the Christian church. However, since the covenant includes the promise of eternal forgiveness (Hebrews 8:12), it is evident that it applies only to those in Israel and Judah who have been redeemed through faith in Christ, not only as their Messiah but also as their Savior. See notes on Jeremiah 31:31-37, Romans 11:25-26, and Ezekiel 36:24-28. The promise must be fulfilled in the coming millennium, after “the time of Jacob’s trouble” (Jeremiah 30:7-9) during the “great tribulation” (Matthew 24:21). At the climax of that terrible time, the people of Israel still living will all believe on Him “whom they have pierced, and they shall mourn for Him” (Zechariah 12:10). “In that day there shall be a fountain opened to the house of David and to the inhabitants of Jerusalem for sin and for uncleanness” (Zechariah 13:1). At the same time, since believers from both Israel and the Gentiles have been made one in Christ (Ephesians 2:11-18), the “new covenant,” or “new testament,” becomes applicable also to Gentile believers (note Matthew 26:28; I Corinthians 11:25; Hebrews 9:15; 12:24).


8:13 vanish away. In effect the old covenant with Israel, a conditional covenant made at the time of Moses and the ten commandments (Exodus 19:5-8), began to decay when Israel rejected Christ (Luke 19:37-44) and finally vanished away completely with the destruction of the temple in A.D. 70.


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