Low phase noise frequency synthesizers are of paramount interest in many areas of micro-mm wave technology, encompassing for example advanced wireless communication, radar, radio-astronomy, and precision instrumentation. Although this broad research field is not bereft of methods for the generation of either low phase noise micro- or mm waves, no universal system applicable to low phase noise generation for micro and mm waves has yet been demonstrated. Here we propose a new photonic frequency discriminator based on a two wavelength delayed self-heterodyne interferometer which is compatible with such an objective. The photonic frequency discriminator can be a reference both for micro and mm waves to lower their phase noise. As a proof-of-concept, we demonstrate a low phase noise tunable OEO (6–18 GHz) and locking of a heterodyne beat between two cw lasers (10–400 GHz) with low relative phase noise. The required components for the photonic frequency discriminator are off-the-shelf and can be readily assembled. We believe this new type of photonic frequency discriminator will enable a new generation of universal precision tunable sources for the X, K, V, W and mm-bands and beyond.