Audio Static after Windows 10 Update


I just updated Windows 10 last night and now my Video Capture Device (Elgato) is playing through Desktop audio (WaaveOut) with a lot of static interruption. I've tried DirectSound as well and it's the same result, lots of static coming through. Blips of static, not a constant static but consistent blips every couple seconds.

Any idea what I should troubleshoot for this? It really sucks. I normally know what to troubleshoot but this is the first time I've experienced this specific oddity.