A frequency synthesizer used for a frequency modulation (FM) transceiver which uses negative feedback to make the modulation characteristics linear and stable over a wide frequency range. The negative feedback is comprised of a frequency mixer, which mixes the outputs of a local oscillator and a voltage controlled oscillator, and a frequency divider and demodulator, which act on the output of the frequency mixer and supply the demodulated output signal to an adder, where it is added in reverse phase to the modulating signal.