This should work:
It basically involves converting them to decimal, finding the halves, converting the results back to hex and then concatenating them.
var color1 = 'FF0000';
var color2 = '00FF00';
var ratio = 0.5;
var hex = function(x) {
x = x.toString(16);
return (x.length == 1) ? '0' + x : x;
};
var r = Math.ceil(parseInt(color1.substring(0,2), 16) * ratio + parseInt(color2.substring(0,2), 16) * (1-ratio));
var g = Math.ceil(parseInt(color1.substring(2,4), 16) * ratio + parseInt(color2.substring(2,4), 16) * (1-ratio));
var b = Math.ceil(parseInt(color1.substring(4,6), 16) * ratio + parseInt(color2.substring(4,6), 16) * (1-ratio));
var middle = hex(r) + hex(g) + hex(b);
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