Urban mobility data has significant connections with economic growth and plays an essential role in various smart-city applications. However, due to privacy concerns and substantial data collection costs, fine-grained human mobility trajectories are difficult to become publicly available on a large scale. A promising solution to address this issue is trajectory synthesizing. However, existing works often ignore the inherent structural complexity of trajectories, unable to handle complicated high-dimensional distributions and generate realistic fine-grained trajectories. In this paper, we propose Cardiff, a coarse-to-fine Cascaded hybrid diffusion-based trajectory synthesizing framework for fine-grained and privacy-preserving mobility generation. By leveraging the hierarchical nature of urban mobility, Cardiff decomposes the generation process into two distinct levels, i.e., discrete road segment-level and continuous fine-grained GPS-level: (i) In the segment-level, to reduce computational costs and redundancy in raw trajectories, we first encode the discrete road segments into low-dimensional latent embeddings and design a diffusion transformer-based latent denoising network for segment-level trajectory synthesis. (ii) Taking the first stage of generation as conditions, we then design a fine-grained GPS-level conditional denoising network with a noise augmentation mechanism to achieve robust and high-fidelity generation. Additionally, the Cardiff framework not only progressively generates high-fidelity trajectories through cascaded denoising but also flexibly enables a tunable balance between privacy preservation and utility. Experimental results on three large real-world trajectory datasets demonstrate that our method outperforms state-of-the-art baselines in various metrics.