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From the verses on Jubilee, as well as the verses in chapter 26:40-45, I have learned that God is a God of second chance. I mean God allows His people to have a second chance, even though the people may disobey, become poor etc. in the first instance. There is a second chance as offered by God.

From the OT to the NT, we have seen God's people, us disobey God time and time again. Thanks to God He remembers and never forgets His people and His covenant. Since it appears that we can not be saved by our constant (continuous) disobedience to the Lord's commandments, He sent Jesus to save us from our sins. I agree with you Mike that the year of Jubilee is fulfilled in Jesus.

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