Certain sounds in the game have all of a sudden become muffled: NPC dialogue at the Tower, Jump grunts, Loot Chest Openings. Other certain types of sound work without issue: Music, general sound effects etc. so it's not an issue with my speakers.
I've got a feeling certain audio in the game is stuck at a "menu screen" state, or something similar. I need help, it's really annoying!
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Try restarting your console. Or if you are on xbox one in an xbox live party try restarting the party app as it caused something like what you are describing to happen to me.